Bitcoin (BTC)

Current price: $ 5,481.06

24 hours price change: $ -78.37 (-1.41%)

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 March 24th, 2019 to April 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 03/24/2019 and 04/22/2019.

According to the performance of Bitcoin between March 24th, 2019 and April 22nd, 2019, Bitcoin performed the best on Tuesdays. On average, the price of Bitcoin increased 4.77% on Tuesday.

The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -1.37%.

Bitcoin weekday performance

It is hard to tell whether the Bitcoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Bitcoin is -0.05%. However, the standard deviation on this weekday is 1.99%. This means that on most Sundays, the change in value of the Bitcoin is between -2.04% and 1.94%.

Bitcoin increased in value on an average Monday 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 (1.61%). This means that on 68 percent of the Mondays, the change in price of the Bitcoin is expected to be in the range of -1.35% and 1.86%.

The increase in value of the Bitcoin is 4.77% on an average Tuesday. However, the uncertainty on the average change is high for the Bitcoin on Tuesdays. This is the reason why an expected increase of the Bitcoin on an average Tuesday cannot be predicted. The standard deviation for Bitcoin on Tuesdays is high, namely 7.19%. This means that the expected range of value change for the Bitcoin is -2.42% and 11.96% on 68% of the Tuesdays.

On an average Wednesday the Bitcoin shows a high increase in value, namely 1.75%. The standard deviation is below the average increase percentage (standard deviation is 0.83%), meaning that on 68% of the Wednesdays the Bitcoin will increase with a percentage between 0.92% and 2.57%. 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 0.92%.

The Bitcoin declines in value on an average Thursday with -1.37%. However, the uncertainty (or standard deviation) is quite large, namely 2.15%. This means that it is not possible to say whether on a regular Thursday the Bitcoin will increase or decrease in value.

Bitcoin increased in value on an average Friday 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 (1.90%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin is expected to be in the range of -1.65% and 2.15%.

On an average Saturday the Bitcoin shows a high increase in value, namely 1.28%. The standard deviation is below the average increase percentage (standard deviation is 1.16%), meaning that on 68% of the Saturdays the Bitcoin will increase with a percentage between 0.12% and 2.44%. This also means that, on average, on 16 percent of the Saturdays, the Bitcoin will increase with a percentage above this range. On the other 16% of the Saturdays, the Bitcoin will change with a percentage below the 0.12%.

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-0.05%1.99%-2.04% to 1.94%
Monday0.25%1.61%-1.35% to 1.86%
Tuesday4.77%7.19%-2.42% to 11.96%
Wednesday1.75%0.83%0.92% to 2.57%
Thursday-1.37%2.15%-3.52% to 0.78%
Friday0.25%1.90%-1.65% to 2.15%
Saturday1.28%1.16%0.12% to 2.44%