Bitcoin Cash (BCH)

Current price: $ 130.70

24 hours price change: $ -3.91 (-2.90%)

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 January 9th, 2023 to February 9th, 2023.

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 01/09/2023 and 02/09/2023.

According to the performance of Bitcoin Cash between January 9th, 2023 and February 9th, 2023, Bitcoin Cash performed the best on Thursdays. On average, the price of Bitcoin Cash increased 0.82% on Thursday.

The weekday on which the Bitcoin Cash performed the worst, is Friday. On Fridays, the Bitcoin Cash rose in value on average by 0.17%. The price still increased on Fridays, allthough it was the smallest increase of all days on average.

Bitcoin Cash weekday performance

On an average Sunday, the Bitcoin Cash increased 0.36%. However, since the expected deviation is 1.82%, the Bitcoin Cash will decline in value on a Sunday quiet regularly. The expected price change of the Bitcoin Cash on a Sunday is between -1.45% and 2.18%.

Historical performance on Monday 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 Monday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Monday is between -0.02% and 1.29% (see also the table below).

Bitcoin Cash increased in value on an average Tuesday only slightly. The average increase in value of the Bitcoin Cash was 0.24%. 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 (0.28%). 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 -0.04% and 0.53%.

On an average Wednesday, the Bitcoin Cash increased 0.34%. However, since the expected deviation is 0.45%, 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 -0.11% and 0.80%.

The expected range of change of the Bitcoin Cash for an average Thursday is between 0.38% and 1.26%. This is the result of an average increase in value of 0.82% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

Bitcoin Cash increased in value on an average Friday only slightly. The average increase in value of the Bitcoin Cash was 0.17%. 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 (0.38%). 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 -0.21% and 0.55%.

Bitcoin Cash increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin Cash was 0.21%. 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 (0.47%). This means that on 68 percent of the Saturdays, the change in price of the Bitcoin Cash is expected to be in the range of -0.26% and 0.68%.

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 0.36% 1.82% -1.45% to 2.18%
Monday 0.64% 0.66% -0.02% to 1.29%
Tuesday 0.24% 0.28% -0.04% to 0.53%
Wednesday 0.34% 0.45% -0.11% to 0.80%
Thursday 0.82% 0.44% 0.38% to 1.26%
Friday 0.17% 0.38% -0.21% to 0.55%
Saturday 0.21% 0.47% -0.26% to 0.68%
 

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