Bitcoin Cash (BCH)

Current price: $ 287.27

24 hours price change: $ 0.62 (0.22%)

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 3rd, 2020 to December 3rd, 2020.

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 11/03/2020 and 12/03/2020.

According to the performance of Bitcoin Cash between November 3rd, 2020 and December 3rd, 2020, Bitcoin Cash performed the best on Fridays. On average, the price of Bitcoin Cash increased 1.20% on Friday.

The weekday on which the Bitcoin Cash performed the worst, is Saturday. On Saturdays, the Bitcoin Cash declined in value on average by -0.02%.

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 0.18%. 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 (1.54%). 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 -1.36% and 1.72%.

On an average Monday, the Bitcoin Cash increased 0.59%. However, since the expected deviation is 1.85%, 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 -1.25% and 2.44%.

The average increase of the Bitcoin Cash on an average Tuesday is 0.54%. This is a small increase, however, the expected change of the Bitcoin Cash in 95% of the Tuesdays is -0.47% and 1.54%. This means that only on 2.5% (or slightly over 1 Tuesday per year) the expected change of the Bitcoin Cash is below -0.47%. On the other hand, you would not have to expect that the change on a single Tuesday will be above 1.54%. This will also only happen on 2.5% of the Tuesdays. On 68% of the Tuesdays, the increase of the Bitcoin Cash will be in the range of 0.04% and 1.04%.

On an average Wednesday, the Bitcoin Cash increased 0.49%. However, since the expected deviation is 0.90%, 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 -0.41% and 1.39%.

Historical performance on Thursday 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 Thursday with 0.77%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Thursday is between -0.09% and 1.63% (see also the table below).

On an average Friday the Bitcoin Cash shows a high increase in value, namely 1.20%. The standard deviation is below the average increase percentage (standard deviation is 0.91%), meaning that on 68% of the Fridays the Bitcoin Cash will increase with a percentage between 0.29% and 2.11%. This also means that, on average, on 16 percent of the Fridays, the Bitcoin Cash will increase with a percentage above this range. On the other 16% of the Fridays, the Bitcoin Cash will change with a percentage below the 0.29%.

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 -0.02%. However, the standard deviation on this weekday is 1.32%. This means that on most Saturdays, the change in value of the Bitcoin Cash is between -1.33% and 1.30%.

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 0.18% 1.54% -1.36% to 1.72%
Monday 0.59% 1.85% -1.25% to 2.44%
Tuesday 0.54% 0.50% 0.04% to 1.04%
Wednesday 0.49% 0.90% -0.41% to 1.39%
Thursday 0.77% 0.86% -0.09% to 1.63%
Friday 1.20% 0.91% 0.29% to 2.11%
Saturday -0.02% 1.32% -1.33% to 1.30%
 

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