Bitcoin Gold (BTG)

Current price: $ 22.71

24 hours price change: $ 22.71 (inf%)

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 January 28th, 2021 to February 25th, 2021.

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 01/28/2021 and 02/25/2021.

According to the performance of Bitcoin Gold between January 28th, 2021 and February 25th, 2021, Bitcoin Gold performed the best on Mondays. On average, the price of Bitcoin Gold increased 3.68% on Monday.

The weekday on which the Bitcoin Gold performed the worst, is Tuesday. On Tuesdays, the Bitcoin Gold declined in value on average by -0.33%.

Bitcoin Gold weekday performance

On an average Sunday the Bitcoin Gold shows an increase in value of 2.82%. However, the change of Bitcoin Gold on most of the Sundays is between -3.85% and 9.48%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Bitcoin Golds.

On Mondays, the average increase of the value of the Bitcoin Gold is very high. The average increase is 3.68%. The standard deviation of the Bitcoin Gold on Mondays is 1.98%. This means that on 68% of the Mondays, the Bitcoin Gold increases between 1.71% and 5.66%. The uncertainty is therefore not very high, since on most Mondays, the value of the Bitcoin Gold will increase.

Allthough the Bitcoin Gold decreases in value with -0.33% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Tuesdays is 1.59%. This means that the expected change of the value of Bitcoin Gold is between -1.92% and 1.27% on 68 out of 100 Tuesdays.

On an average Wednesday the Bitcoin Gold shows a high increase in value, namely 2.58%. The standard deviation is below the average increase percentage (standard deviation is 1.77%), meaning that on 68% of the Wednesdays the Bitcoin Gold will increase with a percentage between 0.82% and 4.35%. This also means that, on average, on 16 percent of the Wednesdays, the Bitcoin Gold will increase with a percentage above this range. On the other 16% of the Wednesdays, the Bitcoin Gold will change with a percentage below the 0.82%.

On an average Thursday the Bitcoin Gold shows an increase in value of 1.47%. However, the change of Bitcoin Gold on most of the Thursdays is between -0.17% and 3.11%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Bitcoin Golds.

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Friday. The average change on a Friday for the Bitcoin Gold is -0.17%. However, the standard deviation on this weekday is 1.06%. This means that on most Fridays, the change in value of the Bitcoin Gold is between -1.23% and 0.89%.

On an average Saturday the Bitcoin Gold shows an increase in value of 2.25%. However, the change of Bitcoin Gold on most of the Saturdays is between -5.11% and 9.61%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Bitcoin Golds.

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 2.82% 6.67% -3.85% to 9.48%
Monday 3.68% 1.98% 1.71% to 5.66%
Tuesday -0.33% 1.59% -1.92% to 1.27%
Wednesday 2.58% 1.77% 0.82% to 4.35%
Thursday 1.47% 1.64% -0.17% to 3.11%
Friday -0.17% 1.06% -1.23% to 0.89%
Saturday 2.25% 7.36% -5.11% to 9.61%
 

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