Bitcoin (BTC)

Current price: $ 10,907.22

24 hours price change: $ -17.11 (-0.16%)

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 May 24th, 2019 to June 22nd, 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 05/24/2019 and 06/22/2019.

According to the performance of Bitcoin between May 24th, 2019 and June 22nd, 2019, Bitcoin performed the best on Fridays. On average, the price of Bitcoin increased 3.98% on Friday.

The weekday on which the Bitcoin performed the worst, is Tuesday. On Tuesdays, the Bitcoin declined in value on average by -2.65%.

Bitcoin weekday performance

On an average Sunday the Bitcoin shows an increase in value of 1.94%. However, the change of Bitcoin on most of the Sundays is between -1.98% and 5.86%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Bitcoins.

Historical performance on Monday 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 Monday with 0.84%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Monday is between -3.55% and 5.22% (see also the table below).

The Bitcoin declines in value on an average Tuesday with -2.65%. However, the uncertainty (or standard deviation) is quite large, namely 1.93%. This means that it is not possible to say whether on a regular Tuesday the Bitcoin will increase or decrease in value.

On an average Wednesday the Bitcoin shows a high increase in value, namely 1.56%. The standard deviation is below the average increase percentage (standard deviation is 1.26%), meaning that on 68% of the Wednesdays the Bitcoin will increase with a percentage between 0.31% and 2.82%. This also means that, on average, on 16 percent of the Wednesdays, the Bitcoin will increase with a percentage above this range. On the other 16% of the Wednesdays, the Bitcoin will change with a percentage below the 0.31%.

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 -0.20%. However, the standard deviation on this weekday is 2.62%. This means that on most Thursdays, the change in value of the Bitcoin is between -2.82% and 2.42%.

On Fridays, the average increase of the value of the Bitcoin is very high. The average increase is 3.98%. The standard deviation of the Bitcoin on Fridays is 1.75%. This means that on 68% of the Fridays, the Bitcoin increases between 2.23% and 5.73%. The uncertainty is therefore not very high, since on most Fridays, the value of the Bitcoin will increase.

On an average Saturday the Bitcoin shows an increase in value of 1.26%. However, the change of Bitcoin on most of the Saturdays is between -0.68% and 3.20%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Bitcoins.

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
Sunday1.94%3.92%-1.98% to 5.86%
Monday0.84%4.38%-3.55% to 5.22%
Tuesday-2.65%1.93%-4.58% to -0.72%
Wednesday1.56%1.26%0.31% to 2.82%
Thursday-0.20%2.62%-2.82% to 2.42%
Friday3.98%1.75%2.23% to 5.73%
Saturday1.26%1.94%-0.68% to 3.20%