Bitcoin Gold (BTG)

Current price: $ 15.03

24 hours price change: $ 0.05 (0.35%)

Daily analysis of Bitcoin Gold (BTG) - 1 month

The performance of Bitcoin Gold regarding the price differs every day. To make the best decision to buy Bitcoin Gold, we are analysis in this article the performance of Bitcoin Gold on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on October 30th, 2022 to November 30th, 2022.

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

Average daily change in price of Bitcoin Gold per weekday between 10/30/2022 and 11/30/2022.

According to the performance of Bitcoin Gold between October 30th, 2022 and November 30th, 2022, Bitcoin Gold performed the best on Saturdays. On average, the price of Bitcoin Gold increased 1.15% on Saturday.

The weekday on which the Bitcoin Gold performed the worst, is Tuesday. On Tuesdays, the Bitcoin Gold declined in value on average by -1.52%.

Bitcoin Gold weekday performance

Historical performance on Sunday do not show an increase in value of the Bitcoin Gold on which a prediction can be made. The Bitcoin Gold increased in value on average on an average Sunday with 0.99%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Gold on a Sunday is between -0.31% and 2.28% (see also the table below).

Allthough the Bitcoin Gold decreases in value with -0.43% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Mondays is 1.34%. This means that the expected change of the value of Bitcoin Gold is between -1.77% and 0.91% on 68 out of 100 Mondays.

The Bitcoin Gold declines in value on an average Tuesday with -1.52%. However, the uncertainty (or standard deviation) is quite large, namely 2.36%. This means that it is not possible to say whether on a regular Tuesday the Bitcoin Gold will increase or decrease in value.

On an average Wednesday, the Bitcoin Gold increased 0.58%. However, since the expected deviation is 1.58%, the Bitcoin Gold will decline in value on a Wednesday quiet regularly. The expected price change of the Bitcoin Gold on a Wednesday is between -1.00% and 2.16%.

Historical performance on Thursday do not show an increase in value of the Bitcoin Gold on which a prediction can be made. The Bitcoin Gold increased in value on average on an average Thursday with 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Gold on a Thursday is between -0.79% and 2.17% (see also the table below).

Bitcoin Gold increased in value on an average Friday only slightly. The average increase in value of the Bitcoin Gold was 0.02%. Allthough the Bitcoin Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.33%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin Gold is expected to be in the range of -1.31% and 1.35%.

On an average Saturday the Bitcoin Gold shows a high increase in value, namely 1.15%. The standard deviation is below the average increase percentage (standard deviation is 0.84%), meaning that on 68% of the Saturdays the Bitcoin Gold will increase with a percentage between 0.31% and 1.99%. This also means that, on average, on 16 percent of the Saturdays, the Bitcoin Gold will increase with a percentage above this range. On the other 16% of the Saturdays, the Bitcoin Gold will change with a percentage below the 0.31%.

Bitcoin Gold weekday performance details

Find below the details of the performance of Bitcoin Gold 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 0.99% 1.30% -0.31% to 2.28%
Monday -0.43% 1.34% -1.77% to 0.91%
Tuesday -1.52% 2.36% -3.89% to 0.84%
Wednesday 0.58% 1.58% -1.00% to 2.16%
Thursday 0.69% 1.48% -0.79% to 2.17%
Friday 0.02% 1.33% -1.31% to 1.35%
Saturday 1.15% 0.84% 0.31% to 1.99%
 

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