Bitcoin Cash (BCH)

Current price: $ 450.12

24 hours price change: $ -8.26 (-1.80%)

Daily analysis of Bitcoin Cash (BCH) - 3 months

The performance of Bitcoin Cash regarding the price differs every day. To make the best decision to buy Bitcoin Cash, we are analysis in this article the performance of Bitcoin Cash on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 3 months, starting on December 5th, 2023 to March 5th, 2024.

In the barchart below, the weekdays and average performance of Bitcoin Cash are shown side by side.

Average daily change in price of Bitcoin Cash per weekday between 12/05/2023 and 03/05/2024.

According to the performance of Bitcoin Cash between December 5th, 2023 and March 5th, 2024, Bitcoin Cash performed the best on Wednesdays. On average, the price of Bitcoin Cash increased 1.19% on Wednesday.

The weekday on which the Bitcoin Cash performed the worst, is Tuesday. On Tuesdays, the Bitcoin Cash declined in value on average by -0.60%.

Bitcoin Cash weekday performance

Allthough the Bitcoin Cash decreases in value with -0.50% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Cash on Sundays is 1.39%. This means that the expected change of the value of Bitcoin Cash is between -1.89% and 0.90% on 68 out of 100 Sundays.

Bitcoin Cash increased in value on an average Monday only slightly. The average increase in value of the Bitcoin Cash was 0.16%. Allthough the Bitcoin Cash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.96%). This means that on 68 percent of the Mondays, the change in price of the Bitcoin Cash is expected to be in the range of -0.81% and 1.12%.

Allthough the Bitcoin Cash decreases in value with -0.60% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Cash on Tuesdays is 1.17%. This means that the expected change of the value of Bitcoin Cash is between -1.77% and 0.57% on 68 out of 100 Tuesdays.

On an average Wednesday the Bitcoin Cash shows an increase in value of 1.19%. However, the change of Bitcoin Cash on most of the Wednesdays is between -2.94% and 5.31%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bitcoin Cashs.

Bitcoin Cash increased in value on an average Thursday only slightly. The average increase in value of the Bitcoin Cash was 0.07%. Allthough the Bitcoin Cash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.59%). This means that on 68 percent of the Thursdays, the change in price of the Bitcoin Cash is expected to be in the range of -0.52% and 0.66%.

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Friday. The average change on a Friday for the Bitcoin Cash is -0.14%. However, the standard deviation on this weekday is 1.09%. This means that on most Fridays, the change in value of the Bitcoin Cash is between -1.23% and 0.94%.

Historical performance on Saturday do not show an increase in value of the Bitcoin Cash on which a prediction can be made. The Bitcoin Cash increased in value on average on an average Saturday with 1.00%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Saturday is between -1.48% and 3.47% (see also the table below).

Bitcoin Cash weekday performance details

Find below the details of the performance of Bitcoin Cash per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.50% 1.39% -1.89% to 0.90%
Monday 0.16% 0.96% -0.81% to 1.12%
Tuesday -0.60% 1.17% -1.77% to 0.57%
Wednesday 1.19% 4.13% -2.94% to 5.31%
Thursday 0.07% 0.59% -0.52% to 0.66%
Friday -0.14% 1.09% -1.23% to 0.94%
Saturday 1.00% 2.48% -1.48% to 3.47%
 

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