Bitcoin Gold (BTG)

Current price: $ 27.77

24 hours price change: $ -0.65 (-2.28%)

Daily analysis of Bitcoin Gold (BTG) - 6 months

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 6 months, starting on September 4th, 2020 to March 4th, 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 09/04/2020 and 03/04/2021.

According to the performance of Bitcoin Gold between September 4th, 2020 and March 4th, 2021, Bitcoin Gold performed the best on Mondays. On average, the price of Bitcoin Gold increased 0.89% 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 -0.58%.

Bitcoin Gold weekday performance

Bitcoin Gold increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin Gold was 0.06%. 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 (3.58%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin Gold is expected to be in the range of -3.51% and 3.64%.

Historical performance on Monday 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 Monday with 0.89%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Gold on a Monday is between -1.27% and 3.04% (see also the table below).

Allthough the Bitcoin Gold decreases in value with -0.58% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Tuesdays is 1.92%. This means that the expected change of the value of Bitcoin Gold is between -2.49% and 1.34% on 68 out of 100 Tuesdays.

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Bitcoin Gold is -0.14%. However, the standard deviation on this weekday is 4.05%. This means that on most Wednesdays, the change in value of the Bitcoin Gold is between -4.19% and 3.90%.

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 0.85%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Gold on a Thursday is between -0.98% and 2.67% (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 0.18%. 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 (1.12%). 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 -0.94% and 1.30%.

On an average Saturday, the Bitcoin Gold increased 0.51%. However, since the expected deviation is 3.21%, the Bitcoin Gold will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin Gold on a Saturday is between -2.71% and 3.72%.

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% 3.58% -3.51% to 3.64%
Monday 0.89% 2.16% -1.27% to 3.04%
Tuesday -0.58% 1.92% -2.49% to 1.34%
Wednesday -0.14% 4.05% -4.19% to 3.90%
Thursday 0.85% 1.82% -0.98% to 2.67%
Friday 0.18% 1.12% -0.94% to 1.30%
Saturday 0.51% 3.21% -2.71% to 3.72%
 

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