Bitcoin (BTC)

Current price: $ 9,157.80

24 hours price change: $ -425.44 (-4.44%)

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 February 26th, 2019 to February 26th, 2020.

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 02/26/2019 and 02/26/2020.

According to the performance of Bitcoin between February 26th, 2019 and February 26th, 2020, Bitcoin performed the best on Fridays. On average, the price of Bitcoin increased 0.69% on Friday.

The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -0.44%.

Bitcoin weekday performance

Bitcoin increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin was 0.04%. 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 (3.16%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin is expected to be in the range of -3.12% and 3.20%.

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 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Monday is between -2.28% and 3.50% (see also the table below).

On an average Tuesday, the Bitcoin increased 0.34%. However, since the expected deviation is 3.56%, the Bitcoin will decline in value on a Tuesday quiet regularly. The expected price change of the Bitcoin on a Tuesday is between -3.22% and 3.90%.

Historical performance on Wednesday 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 Wednesday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Wednesday is between -2.10% and 3.39% (see also the table below).

Allthough the Bitcoin decreases in value with -0.44% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin on Thursdays is 3.11%. This means that the expected change of the value of Bitcoin is between -3.55% and 2.67% on 68 out of 100 Thursdays.

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 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Friday is between -1.78% and 3.15% (see also the table below).

On an average Saturday, the Bitcoin increased 0.41%. However, since the expected deviation is 2.43%, the Bitcoin will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin on a Saturday is between -2.01% and 2.84%.

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 0.04% 3.16% -3.12% to 3.20%
Monday 0.61% 2.89% -2.28% to 3.50%
Tuesday 0.34% 3.56% -3.22% to 3.90%
Wednesday 0.65% 2.74% -2.10% to 3.39%
Thursday -0.44% 3.11% -3.55% to 2.67%
Friday 0.69% 2.47% -1.78% to 3.15%
Saturday 0.41% 2.43% -2.01% to 2.84%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies).

You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.