Bitcoin Diamond (BCD)

Current price: $ 0.56

24 hours price change: $ 0.002302 (0.42%)

Daily analysis of Bitcoin Diamond (BCD) - 1 month

The performance of Bitcoin Diamond regarding the price differs every day. To make the best decision to buy Bitcoin Diamond, we are analysis in this article the performance of Bitcoin Diamond on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 3rd, 2020 to December 2nd, 2020.

In the barchart below, the weekdays and average performance of Bitcoin Diamond are shown side by side.

Average daily change in price of Bitcoin Diamond per weekday between 11/03/2020 and 12/02/2020.

According to the performance of Bitcoin Diamond between November 3rd, 2020 and December 2nd, 2020, Bitcoin Diamond performed the best on Tuesdays. On average, the price of Bitcoin Diamond increased 2.41% on Tuesday.

The weekday on which the Bitcoin Diamond performed the worst, is Saturday. On Saturdays, the Bitcoin Diamond declined in value on average by -0.41%.

Bitcoin Diamond weekday performance

Bitcoin Diamond increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin Diamond was 0.06%. Allthough the Bitcoin Diamond closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.54%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin Diamond is expected to be in the range of -1.47% and 1.60%.

On an average Monday, the Bitcoin Diamond increased 0.44%. However, since the expected deviation is 0.87%, the Bitcoin Diamond will decline in value on a Monday quiet regularly. The expected price change of the Bitcoin Diamond on a Monday is between -0.43% and 1.31%.

On an average Tuesday the Bitcoin Diamond shows an increase in value of 2.41%. However, the change of Bitcoin Diamond on most of the Tuesdays is between -0.36% and 5.17%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Bitcoin Diamonds.

On an average Wednesday, the Bitcoin Diamond increased 0.47%. However, since the expected deviation is 0.99%, the Bitcoin Diamond will decline in value on a Wednesday quiet regularly. The expected price change of the Bitcoin Diamond on a Wednesday is between -0.52% and 1.46%.

On an average Thursday the Bitcoin Diamond shows a high increase in value, namely 1.98%. The standard deviation is below the average increase percentage (standard deviation is 1.90%), meaning that on 68% of the Thursdays the Bitcoin Diamond will increase with a percentage between 0.08% and 3.88%. This also means that, on average, on 16 percent of the Thursdays, the Bitcoin Diamond will increase with a percentage above this range. On the other 16% of the Thursdays, the Bitcoin Diamond will change with a percentage below the 0.08%.

The expected range of change of the Bitcoin Diamond for an average Friday is between 0.30% and 1.22%. This is the result of an average increase in value of 0.76% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

Allthough the Bitcoin Diamond decreases in value with -0.41% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Diamond on Saturdays is 0.32%. This means that the expected change of the value of Bitcoin Diamond is between -0.73% and -0.09% on 68 out of 100 Saturdays.

Bitcoin Diamond weekday performance details

Find below the details of the performance of Bitcoin Diamond 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 0.06% 1.54% -1.47% to 1.60%
Monday 0.44% 0.87% -0.43% to 1.31%
Tuesday 2.41% 2.76% -0.36% to 5.17%
Wednesday 0.47% 0.99% -0.52% to 1.46%
Thursday 1.98% 1.90% 0.08% to 3.88%
Friday 0.76% 0.46% 0.30% to 1.22%
Saturday -0.41% 0.32% -0.73% to -0.09%
 

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