Bitcoin (BTC)

Current price: $ 34,117.79

24 hours price change: $ 424.12 (1.26%)

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 June 25th, 2021 to July 24th, 2021.

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 06/25/2021 and 07/24/2021.

According to the performance of Bitcoin between June 25th, 2021 and July 24th, 2021, Bitcoin performed the best on Tuesdays. On average, the price of Bitcoin increased 0.69% on Tuesday.

The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -0.53%.

Bitcoin weekday performance

On an average Sunday, the Bitcoin increased 0.31%. However, since the expected deviation is 0.32%, the Bitcoin will decline in value on a Sunday quiet regularly. The expected price change of the Bitcoin on a Sunday is between -0.01% and 0.63%.

It is hard to tell whether the Bitcoin will increase or decrease in value on an average Monday. The average change on a Monday for the Bitcoin is -0.24%. However, the standard deviation on this weekday is 0.40%. This means that on most Mondays, the change in value of the Bitcoin is between -0.64% and 0.17%.

The expected range of change of the Bitcoin for an average Tuesday is between 0.19% and 1.19%. This is the result of an average increase in value of 0.69% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 0.47%. This means that the expected change of the value of Bitcoin is between -0.86% and 0.08% on 68 out of 100 Wednesdays.

Allthough the Bitcoin decreases in value with -0.53% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin on Thursdays is 0.83%. This means that the expected change of the value of Bitcoin is between -1.37% and 0.30% on 68 out of 100 Thursdays.

It is hard to tell whether the Bitcoin will increase or decrease in value on an average Friday. The average change on a Friday for the Bitcoin is -0.06%. However, the standard deviation on this weekday is 0.60%. This means that on most Fridays, the change in value of the Bitcoin is between -0.66% and 0.53%.

Bitcoin increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin was 0.25%. 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 (0.78%). This means that on 68 percent of the Saturdays, the change in price of the Bitcoin is expected to be in the range of -0.53% and 1.02%.

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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.31% 0.32% -0.01% to 0.63%
Monday -0.24% 0.40% -0.64% to 0.17%
Tuesday 0.69% 0.50% 0.19% to 1.19%
Wednesday -0.39% 0.47% -0.86% to 0.08%
Thursday -0.53% 0.83% -1.37% to 0.30%
Friday -0.06% 0.60% -0.66% to 0.53%
Saturday 0.25% 0.78% -0.53% to 1.02%
 

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