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 August 20th, 2018 to February 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 08/20/2018 and 02/18/2019.
According to the performance of Bitcoin between August 20th, 2018 and February 18th, 2019, Bitcoin performed the best on Sundays. On average, the price of Bitcoin increased 0.45% on Sunday.
The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -1.00%.
Bitcoin weekday performance
On an average Sunday, the Bitcoin increased 0.45%. However, since the expected deviation is 1.96%, the Bitcoin will decline in value on a Sunday quiet regularly. The expected price change of the Bitcoin on a Sunday is between -1.51% and 2.40%.
On Mondays, the Bitcoin decreases in value on average with -0.68%. On most of the Mondays the Bitcoin decreases in value between -4.96% and 3.61%. The uncertainty (4.29%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Bitcoin on Mondays is large.
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 -0.15%. However, the standard deviation on this weekday is 2.58%. This means that on most Tuesdays, the change in value of the Bitcoin is between -2.74% and 2.43%.
It is hard to tell whether the Bitcoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Bitcoin is -0.16%. However, the standard deviation on this weekday is 3.80%. This means that on most Wednesdays, the change in value of the Bitcoin is between -3.96% and 3.65%.
On Thursdays, the Bitcoin decreases in value on average with -1.00%. On most of the Thursdays the Bitcoin decreases in value between -4.79% and 2.80%. The uncertainty (3.80%) is higher than the average decline percentage (-1.00%). Therefore, expected range of price changes of the Bitcoin on Thursdays is large.
Bitcoin increased in value on an average Friday only slightly. The average increase in value of the Bitcoin was 0.13%. 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 (3.02%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin is expected to be in the range of -2.89% and 3.14%.
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 -0.12%. However, the standard deviation on this weekday is 2.68%. This means that on most Saturdays, the change in value of the Bitcoin is between -2.80% and 2.57%.
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 | 0.45% | 1.96% | -1.51% to 2.40% |
| Monday | -0.68% | 4.29% | -4.96% to 3.61% |
| Tuesday | -0.15% | 2.58% | -2.74% to 2.43% |
| Wednesday | -0.16% | 3.80% | -3.96% to 3.65% |
| Thursday | -1.00% | 3.80% | -4.79% to 2.80% |
| Friday | 0.13% | 3.02% | -2.89% to 3.14% |
| Saturday | -0.12% | 2.68% | -2.80% to 2.57% |