Bitcoin (BTC)

Current price: $ 3,893.87

24 hours price change: $ 278.23 (7.70%)

Daily analysis of Bitcoin (BTC) - 1 month

The performance of Bitcoin regarding the price differs every day. To make the best decision to buy Bitcoin, we are analysis in this article the performance of Bitcoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on January 18th, 2019 to February 16th, 2019.

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

Average daily change in price of Bitcoin per weekday between 01/18/2019 and 02/16/2019.

According to the performance of Bitcoin between January 18th, 2019 and February 16th, 2019, Bitcoin performed the best on Fridays. On average, the price of Bitcoin increased 1.60% on Friday.

The weekday on which the Bitcoin performed the worst, is Monday. On Mondays, the Bitcoin declined in value on average by -1.32%.

Bitcoin weekday performance

The Bitcoin declines in value on an average Sunday with -1.15%. However, the uncertainty (or standard deviation) is quite large, namely 1.40%. This means that it is not possible to say whether on a regular Sunday the Bitcoin will increase or decrease in value.

The Bitcoin declines in value on an average Monday with -1.32%. However, the uncertainty (or standard deviation) is quite large, namely 1.17%. This means that it is not possible to say whether on a regular Monday the Bitcoin will increase or decrease in value.

Bitcoin increased in value on an average Tuesday only slightly. The average increase in value of the Bitcoin was 0.14%. Allthough the Bitcoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.57%). This means that on 68 percent of the Tuesdays, the change in price of the Bitcoin is expected to be in the range of -0.43% and 0.70%.

Allthough the Bitcoin decreases in value with -0.39% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin on Wednesdays is 0.97%. This means that the expected change of the value of Bitcoin is between -1.36% and 0.59% on 68 out of 100 Wednesdays.

It is hard to tell whether the Bitcoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bitcoin is -0.22%. However, the standard deviation on this weekday is 0.52%. This means that on most Thursdays, the change in value of the Bitcoin is between -0.74% and 0.30%.

On an average Friday the Bitcoin shows an increase in value of 1.60%. However, the change of Bitcoin on most of the Fridays is between -1.65% and 4.84%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bitcoins.

Historical performance on Saturday do not show an increase in value of the Bitcoin on which a prediction can be made. The Bitcoin increased in value on average on an average Saturday with 0.66%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Saturday is between -0.15% and 1.46% (see also the table below).

Bitcoin weekday performance details

Find below the details of the performance of Bitcoin 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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-1.15%1.40%-2.55% to 0.25%
Monday-1.32%1.17%-2.49% to -0.15%
Tuesday0.14%0.57%-0.43% to 0.70%
Wednesday-0.39%0.97%-1.36% to 0.59%
Thursday-0.22%0.52%-0.74% to 0.30%
Friday1.60%3.24%-1.65% to 4.84%
Saturday0.66%0.80%-0.15% to 1.46%