Bitcoin Cash (BCH)

Current price: $ 569.12

24 hours price change: $ -34.18 (-5.67%)

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 October 27th, 2021 to November 27th, 2021.

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 10/27/2021 and 11/27/2021.

According to the performance of Bitcoin Cash between October 27th, 2021 and November 27th, 2021, Bitcoin Cash performed the best on Fridays. On average, the price of Bitcoin Cash increased 0.99% on Friday.

The weekday on which the Bitcoin Cash performed the worst, is Tuesday. On Tuesdays, the Bitcoin Cash declined in value on average by -2.01%.

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 0.22%. 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 (1.42%). 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 -1.20% and 1.64%.

On an average Monday, the Bitcoin Cash increased 0.30%. However, since the expected deviation is 0.95%, the Bitcoin Cash will decline in value on a Monday quiet regularly. The expected price change of the Bitcoin Cash on a Monday is between -0.65% and 1.26%.

The Bitcoin Cash declines in value on an average Tuesday with -2.01%. However, the uncertainty (or standard deviation) is quite large, namely 4.69%. This means that it is not possible to say whether on a regular Tuesday the Bitcoin Cash will increase or decrease in value.

Allthough the Bitcoin Cash decreases in value with -0.45% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Cash on Wednesdays is 0.76%. This means that the expected change of the value of Bitcoin Cash is between -1.21% and 0.31% on 68 out of 100 Wednesdays.

Bitcoin Cash increased in value on an average Thursday 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 (4.00%). 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 -3.91% and 4.08%.

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 0.99%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Friday is between -0.83% and 2.81% (see also the table below).

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 -0.10%. However, the standard deviation on this weekday is 0.87%. This means that on most Saturdays, the change in value of the Bitcoin Cash is between -0.97% and 0.77%.

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 0.22% 1.42% -1.20% to 1.64%
Monday 0.30% 0.95% -0.65% to 1.26%
Tuesday -2.01% 4.69% -6.70% to 2.69%
Wednesday -0.45% 0.76% -1.21% to 0.31%
Thursday 0.08% 4.00% -3.91% to 4.08%
Friday 0.99% 1.82% -0.83% to 2.81%
Saturday -0.10% 0.87% -0.97% to 0.77%
 

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