Bitcoin (BTC)

Current price: $ 3,942.15

24 hours price change: $ 48.10 (1.24%)

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 November 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 11/20/2018 and 02/18/2019.

According to the performance of Bitcoin between November 20th, 2018 and February 18th, 2019, Bitcoin performed the best on Wednesdays. On average, the price of Bitcoin increased 1.22% on Wednesday.

The weekday on which the Bitcoin performed the worst, is Thursday. On Thursdays, the Bitcoin declined in value on average by -1.78%.

Bitcoin weekday performance

On an average Sunday, the Bitcoin increased 0.53%. However, since the expected deviation is 2.70%, the Bitcoin will decline in value on a Sunday quiet regularly. The expected price change of the Bitcoin on a Sunday is between -2.17% and 3.23%.

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 -0.20%. However, the standard deviation on this weekday is 4.42%. This means that on most Mondays, the change in value of the Bitcoin is between -4.61% and 4.22%.

On Tuesdays, the Bitcoin decreases in value on average with -0.62%. On most of the Tuesdays the Bitcoin decreases in value between -3.93% and 2.70%. The uncertainty (3.31%) is higher than the average decline percentage (-0.62%). 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 1.22%. However, the change of Bitcoin on most of the Wednesdays is between -2.38% and 4.82%. 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 -1.78%. However, the uncertainty (or standard deviation) is quite large, namely 4.71%. This means that it is not possible to say whether on a regular Thursday the Bitcoin will increase or decrease in value.

It is hard to tell whether the Bitcoin will increase or decrease in value on an average Friday. The average change on a Friday for the Bitcoin is -0.06%. However, the standard deviation on this weekday is 4.02%. This means that on most Fridays, the change in value of the Bitcoin is between -4.08% and 3.96%.

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 -0.11%. However, the standard deviation on this weekday is 3.59%. This means that on most Saturdays, the change in value of the Bitcoin is between -3.69% and 3.48%.

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
Sunday0.53%2.70%-2.17% to 3.23%
Monday-0.20%4.42%-4.61% to 4.22%
Tuesday-0.62%3.31%-3.93% to 2.70%
Wednesday1.22%3.60%-2.38% to 4.82%
Thursday-1.78%4.71%-6.49% to 2.92%
Friday-0.06%4.02%-4.08% to 3.96%
Saturday-0.11%3.59%-3.69% to 3.48%