Bitcoin (BTC)

Current price: $ 7,389.39

24 hours price change: $ 178.98 (2.48%)

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 December 5th, 2018 to December 4th, 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 12/05/2018 and 12/04/2019.

According to the performance of Bitcoin between December 5th, 2018 and December 4th, 2019, Bitcoin performed the best on Fridays. On average, the price of Bitcoin increased 0.80% on Friday.

The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -0.69%.

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 3.56%. This means that on most Sundays, the change in value of the Bitcoin is between -3.61% and 3.51%.

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 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Monday is between -2.62% and 4.21% (see also the table below).

Bitcoin increased in value on an average Tuesday only slightly. The average increase in value of the Bitcoin was 0.21%. 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 (3.78%). This means that on 68 percent of the Tuesdays, the change in price of the Bitcoin is expected to be in the range of -3.56% and 3.99%.

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 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Wednesday is between -2.25% and 3.46% (see also the table below).

On Thursdays, the Bitcoin decreases in value on average with -0.69%. On most of the Thursdays the Bitcoin decreases in value between -4.57% and 3.19%. The uncertainty (3.88%) is higher than the average decline percentage (-0.69%). Therefore, expected range of price changes of the Bitcoin on Thursdays is large.

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 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Friday is between -2.22% and 3.81% (see also the table below).

On an average Saturday, the Bitcoin increased 0.58%. However, since the expected deviation is 2.53%, the Bitcoin will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin on a Saturday is between -1.95% and 3.11%.

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 -0.05% 3.56% -3.61% to 3.51%
Monday 0.80% 3.42% -2.62% to 4.21%
Tuesday 0.21% 3.78% -3.56% to 3.99%
Wednesday 0.61% 2.86% -2.25% to 3.46%
Thursday -0.69% 3.88% -4.57% to 3.19%
Friday 0.80% 3.02% -2.22% to 3.81%
Saturday 0.58% 2.53% -1.95% to 3.11%