Bitcoin Cash (BCH)

Current price: $ 214.96

24 hours price change: $ 1.60 (0.75%)

Daily analysis of Bitcoin Cash (BCH) - all

The performance of Bitcoin Cash regarding the price differs every day. To make the best decision to buy Bitcoin Cash, we are analysis in this article the performance of Bitcoin Cash on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on July 31st, 2017 to September 21st, 2020.

In the barchart below, the weekdays and average performance of Bitcoin Cash are shown side by side.

Average daily change in price of Bitcoin Cash per weekday between 07/31/2017 and 09/21/2020.

According to the performance of Bitcoin Cash between July 31st, 2017 and September 21st, 2020, Bitcoin Cash performed the best on Fridays. On average, the price of Bitcoin Cash increased 0.98% on Friday.

The weekday on which the Bitcoin Cash performed the worst, is Monday. On Mondays, the Bitcoin Cash rose in value on average by 0.01%. The price still increased on Mondays, allthough it was the smallest increase of all days on average.

Bitcoin Cash weekday performance

Bitcoin Cash increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin Cash was 0.08%. Allthough the Bitcoin Cash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.21%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin Cash is expected to be in the range of -3.13% and 3.29%.

Bitcoin Cash increased in value on an average Monday only slightly. The average increase in value of the Bitcoin Cash was 0.01%. Allthough the Bitcoin Cash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (5.66%). This means that on 68 percent of the Mondays, the change in price of the Bitcoin Cash is expected to be in the range of -5.65% and 5.67%.

On an average Tuesday, the Bitcoin Cash increased 0.37%. However, since the expected deviation is 4.29%, the Bitcoin Cash will decline in value on a Tuesday quiet regularly. The expected price change of the Bitcoin Cash on a Tuesday is between -3.92% and 4.65%.

Bitcoin Cash increased in value on an average Wednesday only slightly. The average increase in value of the Bitcoin Cash was 0.12%. Allthough the Bitcoin Cash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (6.80%). This means that on 68 percent of the Wednesdays, the change in price of the Bitcoin Cash is expected to be in the range of -6.69% and 6.92%.

Bitcoin Cash increased in value on an average Thursday only slightly. The average increase in value of the Bitcoin Cash was 0.06%. Allthough the Bitcoin Cash closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.15%). This means that on 68 percent of the Thursdays, the change in price of the Bitcoin Cash is expected to be in the range of -7.09% and 7.22%.

Historical performance on Friday do not show an increase in value of the Bitcoin Cash on which a prediction can be made. The Bitcoin Cash increased in value on average on an average Friday with 0.98%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Friday is between -6.98% and 8.94% (see also the table below).

On an average Saturday, the Bitcoin Cash increased 0.44%. However, since the expected deviation is 4.44%, the Bitcoin Cash will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin Cash on a Saturday is between -4.00% and 4.89%.

Bitcoin Cash weekday performance details

Find below the details of the performance of Bitcoin Cash 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% 3.21% -3.13% to 3.29%
Monday 0.01% 5.66% -5.65% to 5.67%
Tuesday 0.37% 4.29% -3.92% to 4.65%
Wednesday 0.12% 6.80% -6.69% to 6.92%
Thursday 0.06% 7.15% -7.09% to 7.22%
Friday 0.98% 7.96% -6.98% to 8.94%
Saturday 0.44% 4.44% -4.00% to 4.89%
 

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