Bitcoin Cash (BCH)

Current price: $ 275.85

24 hours price change: $ -29.96 (-9.80%)

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 October 24th, 2018 to April 23rd, 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 10/24/2018 and 04/23/2019.

According to the performance of Bitcoin Cash between October 24th, 2018 and April 23rd, 2019, Bitcoin Cash performed the best on Fridays. On average, the price of Bitcoin Cash increased 0.67% on Friday.

The weekday on which the Bitcoin Cash performed the worst, is Wednesday. On Wednesdays, the Bitcoin Cash declined in value on average by -0.77%.

Bitcoin Cash weekday performance

On an average Sunday, the Bitcoin Cash increased 0.45%. However, since the expected deviation is 1.64%, the Bitcoin Cash will decline in value on a Sunday quiet regularly. The expected price change of the Bitcoin Cash on a Sunday is between -1.19% and 2.09%.

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 -0.16%. However, the standard deviation on this weekday is 3.22%. This means that on most Mondays, the change in value of the Bitcoin Cash is between -3.37% and 3.06%.

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 -0.08%. However, the standard deviation on this weekday is 1.93%. This means that on most Tuesdays, the change in value of the Bitcoin Cash is between -2.01% and 1.86%.

On Wednesdays, the Bitcoin Cash decreases in value on average with -0.77%. On most of the Wednesdays the Bitcoin Cash decreases in value between -4.29% and 2.74%. The uncertainty (3.52%) is higher than the average decline percentage (-0.77%). Therefore, expected range of price changes of the Bitcoin Cash on Wednesdays is large.

On an average Thursday, the Bitcoin Cash increased 0.37%. However, since the expected deviation is 1.61%, 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 -1.25% and 1.98%.

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 0.67%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Friday is between -1.12% and 2.45% (see also the table below).

Bitcoin Cash increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin Cash was 0.06%. 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 (1.76%). 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 -1.71% and 1.82%.

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
Sunday0.45%1.64%-1.19% to 2.09%
Monday-0.16%3.22%-3.37% to 3.06%
Tuesday-0.08%1.93%-2.01% to 1.86%
Wednesday-0.77%3.52%-4.29% to 2.74%
Thursday0.37%1.61%-1.25% to 1.98%
Friday0.67%1.79%-1.12% to 2.45%
Saturday0.06%1.76%-1.71% to 1.82%