Bitcoin Cash (BCH)

Current price: $ 519.26

24 hours price change: $ 10.86 (2.14%)

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 8th, 2020 to March 8th, 2021.

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 12/08/2020 and 03/08/2021.

According to the performance of Bitcoin Cash between December 8th, 2020 and March 8th, 2021, Bitcoin Cash performed the best on Saturdays. On average, the price of Bitcoin Cash increased 1.19% on Saturday.

The weekday on which the Bitcoin Cash performed the worst, is Tuesday. On Tuesdays, the Bitcoin Cash declined in value on average by -1.26%.

Bitcoin Cash weekday performance

On an average Sunday, the Bitcoin Cash increased 0.48%. However, since the expected deviation is 3.15%, the Bitcoin Cash will decline in value on a Sunday quiet regularly. The expected price change of the Bitcoin Cash on a Sunday is between -2.66% and 3.63%.

On Mondays, the Bitcoin Cash decreases in value on average with -0.66%. On most of the Mondays the Bitcoin Cash decreases in value between -2.90% and 1.58%. The uncertainty (2.24%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Bitcoin Cash on Mondays is large.

The Bitcoin Cash declines in value on an average Tuesday with -1.26%. However, the uncertainty (or standard deviation) is quite large, namely 3.37%. This means that it is not possible to say whether on a regular Tuesday the Bitcoin Cash will increase or decrease in value.

On Wednesdays, the Bitcoin Cash decreases in value on average with -0.93%. On most of the Wednesdays the Bitcoin Cash decreases in value between -5.89% and 4.03%. The uncertainty (4.96%) is higher than the average decline percentage (-0.93%). Therefore, expected range of price changes of the Bitcoin Cash on Wednesdays is large.

On an average Thursday, the Bitcoin Cash increased 0.50%. However, since the expected deviation is 1.80%, the Bitcoin Cash will decline in value on a Thursday quiet regularly. The expected price change of the Bitcoin Cash on a Thursday is between -1.30% and 2.30%.

On Fridays, the Bitcoin Cash decreases in value on average with -0.60%. On most of the Fridays the Bitcoin Cash decreases in value between -2.41% and 1.20%. The uncertainty (1.81%) is higher than the average decline percentage (-0.60%). Therefore, expected range of price changes of the Bitcoin Cash on Fridays is large.

On an average Saturday the Bitcoin Cash shows an increase in value of 1.19%. However, the change of Bitcoin Cash on most of the Saturdays is between -3.31% and 5.68%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Bitcoin Cashs.

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 0.48% 3.15% -2.66% to 3.63%
Monday -0.66% 2.24% -2.90% to 1.58%
Tuesday -1.26% 3.37% -4.63% to 2.10%
Wednesday -0.93% 4.96% -5.89% to 4.03%
Thursday 0.50% 1.80% -1.30% to 2.30%
Friday -0.60% 1.81% -2.41% to 1.20%
Saturday 1.19% 4.49% -3.31% to 5.68%
 

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