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 December 12th, 2016 to December 11th, 2018.
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 12/12/2016 and 12/11/2018.
According to the performance of Bitcoin between December 12th, 2016 and December 11th, 2018, Bitcoin performed the best on Thursdays. On average, the price of Bitcoin increased 0.74% on Thursday.
The weekday on which the Bitcoin performed the worst, is Friday. On Fridays, the Bitcoin declined in value on average by -0.21%.
Bitcoin weekday performance
Bitcoin increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin was 0.30%. 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 (3.32%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin is expected to be in the range of -3.02% and 3.62%.
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 0.70%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Monday is between -4.02% and 5.42% (see also the table below).
On an average Tuesday, the Bitcoin increased 0.57%. However, since the expected deviation is 4.11%, the Bitcoin will decline in value on a Tuesday quiet regularly. The expected price change of the Bitcoin on a Tuesday is between -3.54% and 4.67%.
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 -0.17%. However, the standard deviation on this weekday is 4.88%. This means that on most Wednesdays, the change in value of the Bitcoin is between -5.05% and 4.70%.
Historical performance on Thursday 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 Thursday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin on a Thursday is between -4.99% and 6.46% (see also the table below).
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 -0.21%. However, the standard deviation on this weekday is 4.25%. This means that on most Fridays, the change in value of the Bitcoin is between -4.46% and 4.05%.
On an average Saturday, the Bitcoin increased 0.42%. However, since the expected deviation is 4.16%, the Bitcoin will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin on a Saturday is between -3.74% and 4.59%.
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 | 0.30% | 3.32% | -3.02% to 3.62% |
| Monday | 0.70% | 4.72% | -4.02% to 5.42% |
| Tuesday | 0.57% | 4.11% | -3.54% to 4.67% |
| Wednesday | -0.17% | 4.88% | -5.05% to 4.70% |
| Thursday | 0.74% | 5.72% | -4.99% to 6.46% |
| Friday | -0.21% | 4.25% | -4.46% to 4.05% |
| Saturday | 0.42% | 4.16% | -3.74% to 4.59% |