Bitcoin (BTC)

Current price: $ 9,871.71

24 hours price change: $ -126.73 (-1.27%)

Daily analysis of Bitcoin (BTC) - 3 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 3 months, starting on June 23rd, 2019 to September 22nd, 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 06/23/2019 and 09/22/2019.

According to the performance of Bitcoin between June 23rd, 2019 and September 22nd, 2019, Bitcoin performed the best on Mondays. On average, the price of Bitcoin increased 1.67% on Monday.

The weekday on which the Bitcoin performed the worst, is Sunday. On Sundays, the Bitcoin declined in value on average by -1.02%.

Bitcoin weekday performance

The Bitcoin declines in value on an average Sunday with -1.02%. However, the uncertainty (or standard deviation) is quite large, namely 3.72%. This means that it is not possible to say whether on a regular Sunday the Bitcoin will increase or decrease in value.

On an average Monday the Bitcoin shows an increase in value of 1.67%. However, the change of Bitcoin on most of the Mondays is between -1.70% and 5.03%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bitcoins.

On Tuesdays, the Bitcoin decreases in value on average with -0.97%. On most of the Tuesdays the Bitcoin decreases in value between -5.36% and 3.41%. The uncertainty (4.38%) is higher than the average decline percentage (-0.97%). Therefore, expected range of price changes of the Bitcoin on Tuesdays is large.

On an average Wednesday the Bitcoin shows an increase in value of 1.56%. However, the change of Bitcoin on most of the Wednesdays is between -3.25% and 6.36%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bitcoins.

On Thursdays, the Bitcoin decreases in value on average with -0.88%. On most of the Thursdays the Bitcoin decreases in value between -6.24% and 4.47%. The uncertainty (5.36%) is higher than the average decline percentage (-0.88%). 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 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Friday is between -2.21% and 4.08% (see also the table below).

On Saturdays, the Bitcoin decreases in value on average with -0.67%. On most of the Saturdays the Bitcoin decreases in value between -3.04% and 1.71%. The uncertainty (2.38%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Bitcoin on Saturdays is large.

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 -1.02% 3.72% -4.74% to 2.71%
Monday 1.67% 3.36% -1.70% to 5.03%
Tuesday -0.97% 4.38% -5.36% to 3.41%
Wednesday 1.56% 4.80% -3.25% to 6.36%
Thursday -0.88% 5.36% -6.24% to 4.47%
Friday 0.93% 3.14% -2.21% to 4.08%
Saturday -0.67% 2.38% -3.04% to 1.71%