Bitcoin Cash (BCH)

Current price: $ 94.78

24 hours price change: $ -1.71 (-1.77%)

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 December 12th, 2018.

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 12/12/2018.

According to the performance of Bitcoin Cash between July 31st, 2017 and December 12th, 2018, Bitcoin Cash performed the best on Fridays. On average, the price of Bitcoin Cash increased 2.08% on Friday.

The weekday on which the Bitcoin Cash performed the worst, is Thursday. On Thursdays, the Bitcoin Cash declined in value on average by -0.06%.

Bitcoin Cash weekday performance

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Sunday. The average change on a Sunday for the Bitcoin Cash is -0.04%. However, the standard deviation on this weekday is 4.72%. This means that on most Sundays, the change in value of the Bitcoin Cash is between -4.76% and 4.68%.

Bitcoin Cash increased in value on an average Monday only slightly. The average increase in value of the Bitcoin Cash was 0.16%. 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 (8.34%). 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 -8.18% and 8.51%.

Historical performance on Tuesday 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 Tuesday with 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Tuesday is between -5.49% and 7.12% (see also the table below).

On an average Wednesday, the Bitcoin Cash increased 0.42%. However, since the expected deviation is 10.04%, the Bitcoin Cash will decline in value on a Wednesday quiet regularly. The expected price change of the Bitcoin Cash on a Wednesday is between -9.62% and 10.45%.

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bitcoin Cash is -0.06%. However, the standard deviation on this weekday is 10.78%. This means that on most Thursdays, the change in value of the Bitcoin Cash is between -10.84% and 10.72%.

On an average Friday the Bitcoin Cash shows an increase in value of 2.08%. However, the change of Bitcoin Cash on most of the Fridays is between -9.86% and 14.01%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bitcoin Cashs.

On an average Saturday the Bitcoin Cash shows an increase in value of 1.26%. However, the change of Bitcoin Cash on most of the Saturdays is between -5.20% and 7.73%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Bitcoin Cashs.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.04%4.72%-4.76% to 4.68%
Monday0.16%8.34%-8.18% to 8.51%
Tuesday0.81%6.31%-5.49% to 7.12%
Wednesday0.42%10.04%-9.62% to 10.45%
Thursday-0.06%10.78%-10.84% to 10.72%
Friday2.08%11.94%-9.86% to 14.01%
Saturday1.26%6.47%-5.20% to 7.73%