Bitcoin Cash (BCH)

Current price: $ 190.76

24 hours price change: $ -10.45 (-5.19%)

Daily analysis of Bitcoin Cash (BCH) - 3 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 3 months, starting on February 24th, 2022 to May 24th, 2022.

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 02/24/2022 and 05/24/2022.

According to the performance of Bitcoin Cash between February 24th, 2022 and May 24th, 2022, Bitcoin Cash performed the best on Tuesdays. On average, the price of Bitcoin Cash increased 0.34% on Tuesday.

The weekday on which the Bitcoin Cash performed the worst, is Friday. On Fridays, the Bitcoin Cash declined in value on average by -0.66%.

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 -0.16%. However, the standard deviation on this weekday is 0.62%. This means that on most Sundays, the change in value of the Bitcoin Cash is between -0.78% and 0.45%.

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 -0.01%. However, the standard deviation on this weekday is 0.59%. This means that on most Mondays, the change in value of the Bitcoin Cash is between -0.60% and 0.58%.

On an average Tuesday, the Bitcoin Cash increased 0.34%. However, since the expected deviation is 0.61%, the Bitcoin Cash will decline in value on a Tuesday quiet regularly. The expected price change of the Bitcoin Cash on a Tuesday is between -0.27% and 0.95%.

On an average Wednesday, the Bitcoin Cash increased 0.32%. However, since the expected deviation is 1.05%, 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 -0.73% and 1.37%.

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 -0.17%. However, the standard deviation on this weekday is 0.39%. This means that on most Thursdays, the change in value of the Bitcoin Cash is between -0.56% and 0.21%.

On Fridays, the Bitcoin Cash decreases in value on average with -0.66%. On most of the Fridays the Bitcoin Cash decreases in value between -1.84% and 0.51%. The uncertainty (1.17%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Bitcoin Cash on Fridays is large.

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 -0.25%. However, the standard deviation on this weekday is 1.88%. This means that on most Saturdays, the change in value of the Bitcoin Cash is between -2.13% and 1.64%.

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 -0.16% 0.62% -0.78% to 0.45%
Monday -0.01% 0.59% -0.60% to 0.58%
Tuesday 0.34% 0.61% -0.27% to 0.95%
Wednesday 0.32% 1.05% -0.73% to 1.37%
Thursday -0.17% 0.39% -0.56% to 0.21%
Friday -0.66% 1.17% -1.84% to 0.51%
Saturday -0.25% 1.88% -2.13% to 1.64%
 

About Us

: Financial indicators for cryptocurrencies