Bitcoin Cash (BCH)

Current price: $ 562.84

24 hours price change: $ -51.59 (-8.40%)

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 July 27th, 2021 to October 27th, 2021.

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 07/27/2021 and 10/27/2021.

According to the performance of Bitcoin Cash between July 27th, 2021 and October 27th, 2021, Bitcoin Cash performed the best on Thursdays. On average, the price of Bitcoin Cash increased 0.39% on Thursday.

The weekday on which the Bitcoin Cash performed the worst, is Monday. On Mondays, the Bitcoin Cash declined in value on average by -0.32%.

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 -0.09%. However, the standard deviation on this weekday is 0.39%. This means that on most Sundays, the change in value of the Bitcoin Cash is between -0.48% and 0.30%.

Allthough the Bitcoin Cash decreases in value with -0.32% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Cash on Mondays is 1.08%. This means that the expected change of the value of Bitcoin Cash is between -1.40% and 0.76% on 68 out of 100 Mondays.

Bitcoin Cash increased in value on an average Tuesday only slightly. The average increase in value of the Bitcoin Cash was 0.30%. 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 (0.82%). This means that on 68 percent of the Tuesdays, the change in price of the Bitcoin Cash is expected to be in the range of -0.53% and 1.12%.

Bitcoin Cash increased in value on an average Wednesday only slightly. The average increase in value of the Bitcoin Cash was 0.01%. 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 (0.05%). This means that on 68 percent of the Wednesdays, the change in price of the Bitcoin Cash is expected to be in the range of -0.05% and 0.06%.

On an average Thursday, the Bitcoin Cash increased 0.39%. However, since the expected deviation is 1.28%, 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 -0.89% and 1.68%.

Bitcoin Cash increased in value on an average Friday only slightly. The average increase in value of the Bitcoin Cash was 0.01%. 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 (0.03%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin Cash is expected to be in the range of -0.02% and 0.03%.

The Bitcoin Cash will almost not change or only slightly increase in value on an average Saturday. The average change of the Bitcoin Cash on Saturdays is 0.03%. The standard deviation of the Bitcoin Cash is 0.02%, which means that in 68% of the Saturdays, the range of the change of the Bitcoin Cash is 0.00% and 0.05%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

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 -0.09% 0.39% -0.48% to 0.30%
Monday -0.32% 1.08% -1.40% to 0.76%
Tuesday 0.30% 0.82% -0.53% to 1.12%
Wednesday 0.01% 0.05% -0.05% to 0.06%
Thursday 0.39% 1.28% -0.89% to 1.68%
Friday 0.01% 0.03% -0.02% to 0.03%
Saturday 0.03% 0.02% 0.00% to 0.05%
 

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