Bitcoin Cash (BCH)

Current price: $ 93.22

24 hours price change: $ 6.61 (7.63%)

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 November 18th, 2018 to December 17th, 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 11/18/2018 and 12/17/2018.

According to the performance of Bitcoin Cash between November 18th, 2018 and December 17th, 2018, Bitcoin Cash performed the best on Saturdays. On average, the price of Bitcoin Cash increased 3.02% on Saturday.

The weekday on which the Bitcoin Cash performed the worst, is Wednesday. On Wednesdays, the Bitcoin Cash declined in value on average by -1.57%.

Bitcoin Cash weekday performance

Historical performance on Sunday 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 Sunday with 0.89%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Sunday is between -0.11% and 1.89% (see also the table below).

On an average Monday the Bitcoin Cash shows an increase in value of 1.57%. However, the change of Bitcoin Cash on most of the Mondays is between -0.32% and 3.45%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bitcoin Cashs.

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 -0.19%. However, the standard deviation on this weekday is 2.14%. This means that on most Tuesdays, the change in value of the Bitcoin Cash is between -2.32% and 1.95%.

The Bitcoin Cash declines in value on an average Wednesday with -1.57%. However, the uncertainty (or standard deviation) is quite large, namely 3.03%. This means that it is not possible to say whether on a regular Wednesday the Bitcoin Cash will increase or decrease in value.

On an average Thursday, the Bitcoin Cash increased 0.32%. However, since the expected deviation is 1.30%, the Bitcoin Cash will decline in value on a Thursday quiet regularly. The expected price change of the Bitcoin Cash on a Thursday is between -0.98% and 1.62%.

On an average Friday the Bitcoin Cash shows an increase in value of 1.32%. However, the change of Bitcoin Cash on most of the Fridays is between -1.56% and 4.21%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bitcoin Cashs.

On Saturdays, the average increase of the value of the Bitcoin Cash is very high. The average increase is 3.02%. The standard deviation of the Bitcoin Cash on Saturdays is 2.32%. This means that on 68% of the Saturdays, the Bitcoin Cash increases between 0.70% and 5.34%. The uncertainty is therefore not very high, since on most Saturdays, the value of the Bitcoin Cash will increase.

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
Sunday0.89%1.00%-0.11% to 1.89%
Monday1.57%1.89%-0.32% to 3.45%
Tuesday-0.19%2.14%-2.32% to 1.95%
Wednesday-1.57%3.03%-4.59% to 1.46%
Thursday0.32%1.30%-0.98% to 1.62%
Friday1.32%2.88%-1.56% to 4.21%
Saturday3.02%2.32%0.70% to 5.34%