Bitcoin Cash (BCH)

Current price: $ 473.63

24 hours price change: $ -2.97 (-0.62%)

Daily analysis of Bitcoin Cash (BCH) - 1 month

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 1 month, starting on May 24th, 2019 to June 23rd, 2019.

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 05/24/2019 and 06/23/2019.

According to the performance of Bitcoin Cash between May 24th, 2019 and June 23rd, 2019, Bitcoin Cash performed the best on Wednesdays. On average, the price of Bitcoin Cash increased 0.49% on Wednesday.

The weekday on which the Bitcoin Cash performed the worst, is Monday. On Mondays, the Bitcoin Cash declined in value on average by -0.54%.

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 0.09%. 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 (0.35%). 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 -0.26% and 0.45%.

Allthough the Bitcoin Cash decreases in value with -0.54% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Cash on Mondays is 0.55%. This means that the expected change of the value of Bitcoin Cash is between -1.09% and 0.01% on 68 out of 100 Mondays.

Bitcoin Cash increased in value on an average Tuesday 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 (0.22%). This means that on 68 percent of the Tuesdays, the change in price of the Bitcoin Cash is expected to be in the range of -0.16% and 0.28%.

The average increase of the Bitcoin Cash on an average Wednesday is 0.49%. This is a small increase, however, the expected change of the Bitcoin Cash in 95% of the Wednesdays is -0.31% and 1.30%. This means that only on 2.5% (or slightly over 1 Wednesday per year) the expected change of the Bitcoin Cash is below -0.31%. On the other hand, you would not have to expect that the change on a single Wednesday will be above 1.30%. This will also only happen on 2.5% of the Wednesdays. On 68% of the Wednesdays, the increase of the Bitcoin Cash will be in the range of 0.09% and 0.89%.

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 -0.23%. However, the standard deviation on this weekday is 0.24%. This means that on most Thursdays, the change in value of the Bitcoin Cash is between -0.48% and 0.01%.

Bitcoin Cash increased in value on an average Friday only slightly. The average increase in value of the Bitcoin Cash was 0.04%. 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 (0.23%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin Cash is expected to be in the range of -0.19% and 0.27%.

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Saturday. The average change on a Saturday for the Bitcoin Cash is 0.00%. However, the standard deviation on this weekday is 0.19%. This means that on most Saturdays, the change in value of the Bitcoin Cash is between -0.19% and 0.18%.

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
Sunday0.09%0.35%-0.26% to 0.45%
Monday-0.54%0.55%-1.09% to 0.01%
Tuesday0.06%0.22%-0.16% to 0.28%
Wednesday0.49%0.40%0.09% to 0.89%
Thursday-0.23%0.24%-0.48% to 0.01%
Friday0.04%0.23%-0.19% to 0.27%
Saturday0.00%0.19%-0.19% to 0.18%