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 January 15th, 2019 to July 13th, 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 01/15/2019 and 07/13/2019.
According to the performance of Bitcoin between January 15th, 2019 and July 13th, 2019, Bitcoin performed the best on Fridays. On average, the price of Bitcoin increased 1.75% on Friday.
The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -1.26%.
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 -0.08%. However, the standard deviation on this weekday is 4.33%. This means that on most Sundays, the change in value of the Bitcoin is between -4.40% and 4.25%.
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 0.88%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Monday is between -2.96% and 4.71% (see also the table below).
On an average Tuesday the Bitcoin shows an increase in value of 1.32%. However, the change of Bitcoin on most of the Tuesdays is between -2.64% and 5.27%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Bitcoins.
On an average Wednesday the Bitcoin shows an increase in value of 1.05%. However, the change of Bitcoin on most of the Wednesdays is between -2.13% and 4.23%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bitcoins.
The Bitcoin declines in value on an average Thursday with -1.26%. However, the uncertainty (or standard deviation) is quite large, namely 3.70%. This means that it is not possible to say whether on a regular Thursday the Bitcoin will increase or decrease in value.
On an average Friday the Bitcoin shows an increase in value of 1.75%. However, the change of Bitcoin on most of the Fridays is between -1.73% and 5.22%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bitcoins.
On an average Saturday the Bitcoin shows an increase in value of 1.10%. However, the change of Bitcoin on most of the Saturdays is between -1.90% and 4.10%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Bitcoins.
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 | -0.08% | 4.33% | -4.40% to 4.25% |
| Monday | 0.88% | 3.84% | -2.96% to 4.71% |
| Tuesday | 1.32% | 3.96% | -2.64% to 5.27% |
| Wednesday | 1.05% | 3.18% | -2.13% to 4.23% |
| Thursday | -1.26% | 3.70% | -4.96% to 2.44% |
| Friday | 1.75% | 3.47% | -1.73% to 5.22% |
| Saturday | 1.10% | 3.00% | -1.90% to 4.10% |