Bitcoin Gold (BTG)

Current price: $ 145.58

24 hours price change: $ 37.15 (34.26%)

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 April 6th, 2021 to May 6th, 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 04/06/2021 and 05/06/2021.

According to the performance of Bitcoin Gold between April 6th, 2021 and May 6th, 2021, Bitcoin Gold performed the best on Mondays. On average, the price of Bitcoin Gold increased 4.03% on Monday.

The weekday on which the Bitcoin Gold performed the worst, is Thursday. On Thursdays, the Bitcoin Gold declined in value on average by -0.69%.

Bitcoin Gold weekday performance

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Sunday. The average change on a Sunday for the Bitcoin Gold is -0.06%. However, the standard deviation on this weekday is 0.11%. This means that on most Sundays, the change in value of the Bitcoin Gold is between -0.17% and 0.05%.

The increase in value of the Bitcoin Gold is 4.03% on an average Monday. However, the uncertainty on the average change is high for the Bitcoin Gold on Mondays. This is the reason why an expected increase of the Bitcoin Gold on an average Monday cannot be predicted. The standard deviation for Bitcoin Gold on Mondays is high, namely 6.99%. This means that the expected range of value change for the Bitcoin Gold is -2.96% and 11.02% on 68% of the Mondays.

Historical performance on Tuesday 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 Tuesday with 0.77%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Gold on a Tuesday is between -0.73% and 2.27% (see also the table below).

On an average Wednesday, the Bitcoin Gold increased 0.37%. However, since the expected deviation is 0.74%, 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 -0.37% and 1.11%.

On Thursdays, the Bitcoin Gold decreases in value on average with -0.69%. On most of the Thursdays the Bitcoin Gold decreases in value between -2.20% and 0.82%. The uncertainty (1.51%) is higher than the average decline percentage (-0.69%). Therefore, expected range of price changes of the Bitcoin Gold on Thursdays is large.

On an average Friday the Bitcoin Gold shows an increase in value of 1.54%. However, the change of Bitcoin Gold on most of the Fridays is between -1.09% and 4.16%. Therefore it is hard to tell whether an average Friday 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 Saturday. The average change on a Saturday for the Bitcoin Gold is -0.01%. However, the standard deviation on this weekday is 0.01%. This means that on most Saturdays, the change in value of the Bitcoin Gold is between -0.01% and 0.00%.

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 -0.06% 0.11% -0.17% to 0.05%
Monday 4.03% 6.99% -2.96% to 11.02%
Tuesday 0.77% 1.50% -0.73% to 2.27%
Wednesday 0.37% 0.74% -0.37% to 1.11%
Thursday -0.69% 1.51% -2.20% to 0.82%
Friday 1.54% 2.63% -1.09% to 4.16%
Saturday -0.01% 0.01% -0.01% to 0.00%
 

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