Bitcoin (BTC)

Current price: $ 10,752.03

24 hours price change: $ 98.95 (0.93%)

Daily analysis of Bitcoin (BTC) - 1 year

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 year, starting on July 15th, 2018 to July 13th, 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 07/15/2018 and 07/13/2019.

According to the performance of Bitcoin between July 15th, 2018 and July 13th, 2019, Bitcoin performed the best on Tuesdays. On average, the price of Bitcoin increased 0.76% on Tuesday.

The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -1.08%.

Bitcoin weekday performance

On an average Sunday, the Bitcoin increased 0.33%. However, since the expected deviation is 3.28%, the Bitcoin will decline in value on a Sunday quiet regularly. The expected price change of the Bitcoin on a Sunday is between -2.94% and 3.61%.

Bitcoin increased in value on an average Monday only slightly. The average increase in value of the Bitcoin was 0.18%. 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 (4.13%). This means that on 68 percent of the Mondays, the change in price of the Bitcoin is expected to be in the range of -3.95% and 4.31%.

Historical performance on Tuesday 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 Tuesday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Tuesday is between -3.12% and 4.65% (see also the table below).

Bitcoin increased in value on an average Wednesday only slightly. The average increase in value of the Bitcoin was 0.29%. 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 (3.72%). This means that on 68 percent of the Wednesdays, the change in price of the Bitcoin is expected to be in the range of -3.42% and 4.01%.

The Bitcoin declines in value on an average Thursday with -1.08%. However, the uncertainty (or standard deviation) is quite large, namely 3.83%. This means that it is not possible to say whether on a regular Thursday the Bitcoin will increase or decrease in value.

Historical performance on Friday 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 Friday with 0.73%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Friday is between -2.66% and 4.13% (see also the table below).

On an average Saturday, the Bitcoin increased 0.33%. However, since the expected deviation is 3.05%, the Bitcoin will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin on a Saturday is between -2.72% and 3.38%.

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
Sunday0.33%3.28%-2.94% to 3.61%
Monday0.18%4.13%-3.95% to 4.31%
Tuesday0.76%3.89%-3.12% to 4.65%
Wednesday0.29%3.72%-3.42% to 4.01%
Thursday-1.08%3.83%-4.90% to 2.75%
Friday0.73%3.40%-2.66% to 4.13%
Saturday0.33%3.05%-2.72% to 3.38%