Bytecoin (BCN)

Current price: $ 0.000207

24 hours price change: - (-)

Daily analysis of Bytecoin (BCN) - 1 year

The performance of Bytecoin regarding the price differs every day. To make the best decision to buy Bytecoin, we are analysis in this article the performance of Bytecoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 year, starting on July 3rd, 2019 to July 2nd, 2020.

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

Average daily change in price of Bytecoin per weekday between 07/03/2019 and 07/02/2020.

According to the performance of Bytecoin between July 3rd, 2019 and July 2nd, 2020, Bytecoin performed the best on Wednesdays. On average, the price of Bytecoin increased 0.95% on Wednesday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin declined in value on average by -1.72%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.18%. Allthough the Bytecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.42%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -6.24% and 6.61%.

Historical performance on Monday do not show an increase in value of the Bytecoin on which a prediction can be made. The Bytecoin increased in value on average on an average Monday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Monday is between -7.11% and 8.90% (see also the table below).

On Tuesdays, the Bytecoin decreases in value on average with -0.99%. On most of the Tuesdays the Bytecoin decreases in value between -4.83% and 2.86%. The uncertainty (3.85%) is higher than the average decline percentage (-0.99%). Therefore, expected range of price changes of the Bytecoin on Tuesdays is large.

Historical performance on Wednesday do not show an increase in value of the Bytecoin on which a prediction can be made. The Bytecoin increased in value on average on an average Wednesday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Wednesday is between -7.67% and 9.57% (see also the table below).

The Bytecoin declines in value on an average Thursday with -1.33%. However, the uncertainty (or standard deviation) is quite large, namely 6.01%. This means that it is not possible to say whether on a regular Thursday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Friday with -1.72%. However, the uncertainty (or standard deviation) is quite large, namely 4.95%. This means that it is not possible to say whether on a regular Friday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Saturday with -1.45%. However, the uncertainty (or standard deviation) is quite large, namely 6.99%. This means that it is not possible to say whether on a regular Saturday the Bytecoin will increase or decrease in value.

Bytecoin weekday performance details

Find below the details of the performance of Bytecoin 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 0.18% 6.42% -6.24% to 6.61%
Monday 0.90% 8.00% -7.11% to 8.90%
Tuesday -0.99% 3.85% -4.83% to 2.86%
Wednesday 0.95% 8.62% -7.67% to 9.57%
Thursday -1.33% 6.01% -7.34% to 4.69%
Friday -1.72% 4.95% -6.67% to 3.24%
Saturday -1.45% 6.99% -8.44% to 5.55%
 

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