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 November 19th, 2018 to May 18th, 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 11/19/2018 and 05/18/2019.
According to the performance of Bitcoin between November 19th, 2018 and May 18th, 2019, Bitcoin performed the best on Tuesdays. On average, the price of Bitcoin increased 1.06% on Tuesday.
The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -1.20%.
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 -0.26%. However, the standard deviation on this weekday is 2.76%. This means that on most Sundays, the change in value of the Bitcoin is between -3.02% and 2.49%.
It is hard to tell whether the Bitcoin will increase or decrease in value on an average Monday. The average change on a Monday for the Bitcoin is -0.14%. However, the standard deviation on this weekday is 4.91%. This means that on most Mondays, the change in value of the Bitcoin is between -5.05% and 4.77%.
On an average Tuesday the Bitcoin shows an increase in value of 1.06%. However, the change of Bitcoin on most of the Tuesdays is between -3.19% and 5.32%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Bitcoins.
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 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Wednesday is between -1.88% and 3.78% (see also the table below).
The Bitcoin declines in value on an average Thursday with -1.20%. However, the uncertainty (or standard deviation) is quite large, namely 3.81%. 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 0.15%. 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 (3.45%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin is expected to be in the range of -3.30% and 3.60%.
Historical performance on Saturday 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 Saturday with 0.86%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Saturday is between -2.82% and 4.55% (see also the table below).
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 | -0.26% | 2.76% | -3.02% to 2.49% |
| Monday | -0.14% | 4.91% | -5.05% to 4.77% |
| Tuesday | 1.06% | 4.26% | -3.19% to 5.32% |
| Wednesday | 0.95% | 2.83% | -1.88% to 3.78% |
| Thursday | -1.20% | 3.81% | -5.02% to 2.61% |
| Friday | 0.15% | 3.45% | -3.30% to 3.60% |
| Saturday | 0.86% | 3.68% | -2.82% to 4.55% |