Bitcoin Cash (BCH)

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Daily analysis of Bitcoin Cash (BCH) - 6 months

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 6 months, starting on November 20th, 2023 to May 17th, 2024.

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 11/20/2023 and 05/17/2024.

According to the performance of Bitcoin Cash between November 20th, 2023 and May 17th, 2024, Bitcoin Cash performed the best on Wednesdays. On average, the price of Bitcoin Cash increased 1.07% on Wednesday.

The weekday on which the Bitcoin Cash performed the worst, is Tuesday. On Tuesdays, the Bitcoin Cash declined in value on average by -0.75%.

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 0.19%. 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 (2.98%). 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 -2.79% and 3.18%.

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 -0.19%. However, the standard deviation on this weekday is 1.04%. This means that on most Mondays, the change in value of the Bitcoin Cash is between -1.24% and 0.85%.

On Tuesdays, the Bitcoin Cash decreases in value on average with -0.75%. On most of the Tuesdays the Bitcoin Cash decreases in value between -2.30% and 0.81%. The uncertainty (1.56%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the Bitcoin Cash on Tuesdays is large.

On an average Wednesday the Bitcoin Cash shows an increase in value of 1.07%. However, the change of Bitcoin Cash on most of the Wednesdays is between -2.73% and 4.88%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bitcoin Cashs.

Bitcoin Cash increased in value on an average Thursday 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 (1.17%). 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 -1.01% and 1.34%.

On an average Friday, the Bitcoin Cash increased 0.35%. However, since the expected deviation is 1.99%, the Bitcoin Cash will decline in value on a Friday quiet regularly. The expected price change of the Bitcoin Cash on a Friday is between -1.64% and 2.34%.

On an average Saturday, the Bitcoin Cash increased 0.46%. However, since the expected deviation is 2.18%, the Bitcoin Cash will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin Cash on a Saturday is between -1.72% and 2.64%.

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 0.19% 2.98% -2.79% to 3.18%
Monday -0.19% 1.04% -1.24% to 0.85%
Tuesday -0.75% 1.56% -2.30% to 0.81%
Wednesday 1.07% 3.80% -2.73% to 4.88%
Thursday 0.17% 1.17% -1.01% to 1.34%
Friday 0.35% 1.99% -1.64% to 2.34%
Saturday 0.46% 2.18% -1.72% to 2.64%
 

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