Bitcoin (BTC)

Current price: $ 3,801.32

24 hours price change: $ 302.99 (8.66%)

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 November 19th, 2018 to December 17th, 2018.

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 11/19/2018 and 12/17/2018.

According to the performance of Bitcoin between November 19th, 2018 and December 17th, 2018, Bitcoin performed the best on Wednesdays. On average, the price of Bitcoin increased 3.01% on Wednesday.

The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -4.13%.

Bitcoin weekday performance

On an average Sunday the Bitcoin shows an increase in value of 1.79%. However, the change of Bitcoin on most of the Sundays is between -0.60% and 4.17%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Bitcoins.

The decrease in value of the Bitcoin is -3.95% on an average Monday. The uncertainty of the average change is high for the Bitcoin on Mondays. This means that it is hard to tell whether the Bitcoin will decrease or increase in value on an average Monday. If we look at the 68% range of the Bitcoin, we see that on 68% of the Mondays, the expected change of the Bitcoin is between -11.32% and 3.42%.

The Bitcoin declines in value on an average Tuesday with -1.86%. However, the uncertainty (or standard deviation) is quite large, namely 3.78%. This means that it is not possible to say whether on a regular Tuesday the Bitcoin will increase or decrease in value.

The increase in value of the Bitcoin is 3.01% on an average Wednesday. However, the uncertainty on the average change is high for the Bitcoin on Wednesdays. This is the reason why an expected increase of the Bitcoin on an average Wednesday cannot be predicted. The standard deviation for Bitcoin on Wednesdays is high, namely 5.88%. This means that the expected range of value change for the Bitcoin is -2.87% and 8.89% on 68% of the Wednesdays.

The decrease in value of the Bitcoin is -4.13% on an average Thursday. The uncertainty of the average change is high for the Bitcoin on Thursdays. This means that it is hard to tell whether the Bitcoin will decrease or increase in value on an average Thursday. If we look at the 68% range of the Bitcoin, we see that on 68% of the Thursdays, the expected change of the Bitcoin is between -6.73% and -1.53%.

The Bitcoin declines in value on an average Friday with -2.73%. However, the uncertainty (or standard deviation) is quite large, namely 2.35%. This means that it is not possible to say whether on a regular Friday the Bitcoin will increase or decrease in value.

The Bitcoin declines in value on an average Saturday with -1.19%. However, the uncertainty (or standard deviation) is quite large, namely 5.90%. This means that it is not possible to say whether on a regular Saturday the Bitcoin will increase or decrease in value.

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
Sunday1.79%2.39%-0.60% to 4.17%
Monday-3.95%7.37%-11.32% to 3.42%
Tuesday-1.86%3.78%-5.64% to 1.92%
Wednesday3.01%5.88%-2.87% to 8.89%
Thursday-4.13%2.60%-6.73% to -1.53%
Friday-2.73%2.35%-5.08% to -0.38%
Saturday-1.19%5.90%-7.09% to 4.72%