Bitcoin Cash (BCH)

Current price: $ 508.39

24 hours price change: $ -0.31 (-0.06%)

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 January 24th, 2024 to April 24th, 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 01/24/2024 and 04/24/2024.

According to the performance of Bitcoin Cash between January 24th, 2024 and April 24th, 2024, Bitcoin Cash performed the best on Fridays. On average, the price of Bitcoin Cash increased 0.94% on Friday.

The weekday on which the Bitcoin Cash performed the worst, is Tuesday. On Tuesdays, the Bitcoin Cash declined in value on average by -0.80%.

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 0.66%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Sunday is between -3.23% and 4.54% (see also the table below).

Allthough the Bitcoin Cash decreases in value with -0.34% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Cash on Mondays is 1.21%. This means that the expected change of the value of Bitcoin Cash is between -1.56% and 0.87% on 68 out of 100 Mondays.

On Tuesdays, the Bitcoin Cash decreases in value on average with -0.80%. On most of the Tuesdays the Bitcoin Cash decreases in value between -1.85% and 0.25%. The uncertainty (1.05%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the Bitcoin Cash on Tuesdays is large.

Historical performance on Wednesday 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 Wednesday with 0.79%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Wednesday is between -2.61% and 4.18% (see also the table below).

On an average Thursday, the Bitcoin Cash increased 0.36%. However, since the expected deviation is 1.54%, 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 -1.18% and 1.90%.

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 0.94%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Cash on a Friday is between -1.61% and 3.49% (see also the table below).

On an average Saturday, the Bitcoin Cash increased 0.54%. However, since the expected deviation is 2.37%, 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 -1.83% and 2.91%.

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 0.66% 3.89% -3.23% to 4.54%
Monday -0.34% 1.21% -1.56% to 0.87%
Tuesday -0.80% 1.05% -1.85% to 0.25%
Wednesday 0.79% 3.39% -2.61% to 4.18%
Thursday 0.36% 1.54% -1.18% to 1.90%
Friday 0.94% 2.55% -1.61% to 3.49%
Saturday 0.54% 2.37% -1.83% to 2.91%
 

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