Bitcoin Cash (BCH)

Current price: $ 225.30

24 hours price change: $ 13.56 (6.40%)

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 September 20th, 2019 to October 20th, 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 09/20/2019 and 10/20/2019.

According to the performance of Bitcoin Cash between September 20th, 2019 and October 20th, 2019, Bitcoin Cash performed the best on Wednesdays. On average, the price of Bitcoin Cash increased 0.40% on Wednesday.

The weekday on which the Bitcoin Cash performed the worst, is Thursday. On Thursdays, the Bitcoin Cash declined in value on average by -0.30%.

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 -0.17%. However, the standard deviation on this weekday is 0.23%. This means that on most Sundays, the change in value of the Bitcoin Cash is between -0.40% and 0.06%.

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Monday. The average change on a Monday for the Bitcoin Cash is -0.10%. However, the standard deviation on this weekday is 0.31%. This means that on most Mondays, the change in value of the Bitcoin Cash is between -0.41% and 0.21%.

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bitcoin Cash is -0.04%. However, the standard deviation on this weekday is 0.60%. This means that on most Tuesdays, the change in value of the Bitcoin Cash is between -0.63% and 0.56%.

The average increase of the Bitcoin Cash on an average Wednesday is 0.40%. This is a small increase, however, the expected change of the Bitcoin Cash in 95% of the Wednesdays is -0.32% and 1.12%. This means that only on 2.5% (or slightly over 1 Wednesday per year) the expected change of the Bitcoin Cash is below -0.32%. On the other hand, you would not have to expect that the change on a single Wednesday will be above 1.12%. 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 0.04% and 0.76%.

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 -0.30%. However, the standard deviation on this weekday is 0.52%. This means that on most Thursdays, the change in value of the Bitcoin Cash is between -0.82% and 0.22%.

It is hard to tell whether the Bitcoin Cash will increase or decrease in value on an average Friday. The average change on a Friday for the Bitcoin Cash is -0.23%. However, the standard deviation on this weekday is 0.15%. This means that on most Fridays, the change in value of the Bitcoin Cash is between -0.38% and -0.08%.

Bitcoin Cash increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin Cash was 0.05%. 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 (0.15%). 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 -0.10% and 0.20%.

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 -0.17% 0.23% -0.40% to 0.06%
Monday -0.10% 0.31% -0.41% to 0.21%
Tuesday -0.04% 0.60% -0.63% to 0.56%
Wednesday 0.40% 0.36% 0.04% to 0.76%
Thursday -0.30% 0.52% -0.82% to 0.22%
Friday -0.23% 0.15% -0.38% to -0.08%
Saturday 0.05% 0.15% -0.10% to 0.20%