Bitcoin (BTC)

Current price: $ 3,609.77

24 hours price change: $ 153.78 (4.45%)

Daily analysis of Bitcoin (BTC) - 6 months

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 6 months, starting on June 9th, 2018 to December 7th, 2018.

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 06/09/2018 and 12/07/2018.

The weekday on which the Bitcoin performed the worst, is Wednesday. On Wednesdays, the Bitcoin declined in value on average by -0.74%.

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 -0.01%. However, the standard deviation on this weekday is 2.33%. This means that on most Sundays, the change in value of the Bitcoin is between -2.34% and 2.31%.

Allthough the Bitcoin decreases in value with -0.38% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin on Mondays is 3.96%. This means that the expected change of the value of Bitcoin is between -4.34% and 3.58% on 68 out of 100 Mondays.

It is hard to tell whether the Bitcoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bitcoin is -0.27%. However, the standard deviation on this weekday is 3.64%. This means that on most Tuesdays, the change in value of the Bitcoin is between -3.91% and 3.38%.

On Wednesdays, the Bitcoin decreases in value on average with -0.74%. On most of the Wednesdays the Bitcoin decreases in value between -4.77% and 3.29%. The uncertainty (4.03%) is higher than the average decline percentage (-0.74%). Therefore, expected range of price changes of the Bitcoin on Wednesdays is large.

Allthough the Bitcoin decreases in value with -0.57% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin on Thursdays is 2.87%. This means that the expected change of the value of Bitcoin is between -3.44% and 2.30% on 68 out of 100 Thursdays.

Allthough the Bitcoin decreases in value with -0.56% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin on Fridays is 3.23%. This means that the expected change of the value of Bitcoin is between -3.79% and 2.66% on 68 out of 100 Fridays.

It is hard to tell whether the Bitcoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Bitcoin is -0.28%. However, the standard deviation on this weekday is 2.92%. This means that on most Saturdays, the change in value of the Bitcoin is between -3.20% and 2.64%.

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-0.01%2.33%-2.34% to 2.31%
Monday-0.38%3.96%-4.34% to 3.58%
Tuesday-0.27%3.64%-3.91% to 3.38%
Wednesday-0.74%4.03%-4.77% to 3.29%
Thursday-0.57%2.87%-3.44% to 2.30%
Friday-0.56%3.23%-3.79% to 2.66%
Saturday-0.28%2.92%-3.20% to 2.64%