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 2 years, starting on April 24th, 2017 to April 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 04/24/2017 and 04/22/2019.
According to the performance of Bitcoin between April 24th, 2017 and April 22nd, 2019, Bitcoin performed the best on Saturdays. On average, the price of Bitcoin increased 0.64% on Saturday.
The weekday on which the Bitcoin performed the worst, is Sunday. On Sundays, the Bitcoin rose in value on average by 0.03%. The price still increased on Sundays, allthough it was the smallest increase of all days on average.
Bitcoin weekday performance
Bitcoin increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin was 0.03%. 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 (3.43%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin is expected to be in the range of -3.41% and 3.46%.
On an average Monday, the Bitcoin increased 0.54%. However, since the expected deviation is 4.82%, the Bitcoin will decline in value on a Monday quiet regularly. The expected price change of the Bitcoin on a Monday is between -4.29% and 5.36%.
On an average Tuesday, the Bitcoin increased 0.50%. However, since the expected deviation is 4.33%, the Bitcoin will decline in value on a Tuesday quiet regularly. The expected price change of the Bitcoin on a Tuesday is between -3.83% and 4.83%.
Bitcoin increased in value on an average Wednesday only slightly. The average increase in value of the Bitcoin was 0.03%. 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 (4.44%). This means that on 68 percent of the Wednesdays, the change in price of the Bitcoin is expected to be in the range of -4.42% and 4.47%.
On an average Thursday, the Bitcoin increased 0.52%. However, since the expected deviation is 5.70%, the Bitcoin will decline in value on a Thursday quiet regularly. The expected price change of the Bitcoin on a Thursday is between -5.18% and 6.21%.
Bitcoin increased in value on an average Friday only slightly. The average increase in value of the Bitcoin was 0.04%. 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 (4.01%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin is expected to be in the range of -3.97% and 4.05%.
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 0.64%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Saturday is between -3.37% and 4.65% (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 | 0.03% | 3.43% | -3.41% to 3.46% |
| Monday | 0.54% | 4.82% | -4.29% to 5.36% |
| Tuesday | 0.50% | 4.33% | -3.83% to 4.83% |
| Wednesday | 0.03% | 4.44% | -4.42% to 4.47% |
| Thursday | 0.52% | 5.70% | -5.18% to 6.21% |
| Friday | 0.04% | 4.01% | -3.97% to 4.05% |
| Saturday | 0.64% | 4.01% | -3.37% to 4.65% |