BitTorrent (BTT)

Current price: $ 0.001403

24 hours price change: $ 0.000010 (0.75%)

Daily analysis of BitTorrent (BTT) - 6 months

The performance of BitTorrent regarding the price differs every day. To make the best decision to buy BitTorrent, we are analysis in this article the performance of BitTorrent on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 6 months, starting on August 25th, 2020 to February 25th, 2021.

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

Average daily change in price of BitTorrent per weekday between 08/25/2020 and 02/25/2021.

According to the performance of BitTorrent between August 25th, 2020 and February 25th, 2021, BitTorrent performed the best on Mondays. On average, the price of BitTorrent increased 1.36% on Monday.

The weekday on which the BitTorrent performed the worst, is Sunday. On Sundays, the BitTorrent declined in value on average by -1.31%.

BitTorrent weekday performance

The BitTorrent declines in value on an average Sunday with -1.31%. However, the uncertainty (or standard deviation) is quite large, namely 5.99%. This means that it is not possible to say whether on a regular Sunday the BitTorrent will increase or decrease in value.

On an average Monday the BitTorrent shows an increase in value of 1.36%. However, the change of BitTorrent on most of the Mondays is between -3.89% and 6.60%. Therefore it is hard to tell whether an average Monday is a good day to start buying BitTorrents.

Allthough the BitTorrent decreases in value with -0.40% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of BitTorrent on Tuesdays is 3.14%. This means that the expected change of the value of BitTorrent is between -3.54% and 2.74% on 68 out of 100 Tuesdays.

On an average Wednesday, the BitTorrent increased 0.34%. However, since the expected deviation is 2.17%, the BitTorrent will decline in value on a Wednesday quiet regularly. The expected price change of the BitTorrent on a Wednesday is between -1.83% and 2.51%.

Historical performance on Thursday do not show an increase in value of the BitTorrent on which a prediction can be made. The BitTorrent increased in value on average on an average Thursday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the BitTorrent on a Thursday is between -0.65% and 2.55% (see also the table below).

On an average Friday the BitTorrent shows an increase in value of 1.34%. However, the change of BitTorrent on most of the Fridays is between -3.45% and 6.12%. Therefore it is hard to tell whether an average Friday is a good day to start buying BitTorrents.

It is hard to tell whether the BitTorrent will increase or decrease in value on an average Saturday. The average change on a Saturday for the BitTorrent is -0.16%. However, the standard deviation on this weekday is 1.47%. This means that on most Saturdays, the change in value of the BitTorrent is between -1.63% and 1.32%.

BitTorrent weekday performance details

Find below the details of the performance of BitTorrent 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 -1.31% 5.99% -7.30% to 4.68%
Monday 1.36% 5.24% -3.89% to 6.60%
Tuesday -0.40% 3.14% -3.54% to 2.74%
Wednesday 0.34% 2.17% -1.83% to 2.51%
Thursday 0.95% 1.60% -0.65% to 2.55%
Friday 1.34% 4.79% -3.45% to 6.12%
Saturday -0.16% 1.47% -1.63% to 1.32%
 

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