Bitcoin Diamond (BCD)

Current price: $ 3.73

24 hours price change: $ -0.24 (-6.04%)

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 April 18th, 2021 to May 18th, 2021.

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 04/18/2021 and 05/18/2021.

According to the performance of Bitcoin Diamond between April 18th, 2021 and May 18th, 2021, Bitcoin Diamond performed the best on Mondays. On average, the price of Bitcoin Diamond increased 3.79% on Monday.

The weekday on which the Bitcoin Diamond performed the worst, is Wednesday. On Wednesdays, the Bitcoin Diamond declined in value on average by -1.29%.

Bitcoin Diamond weekday performance

Allthough the Bitcoin Diamond decreases in value with -0.40% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Diamond on Sundays is 0.97%. This means that the expected change of the value of Bitcoin Diamond is between -1.37% and 0.56% on 68 out of 100 Sundays.

The increase in value of the Bitcoin Diamond is 3.79% on an average Monday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Mondays. This is the reason why an expected increase of the Bitcoin Diamond on an average Monday cannot be predicted. The standard deviation for Bitcoin Diamond on Mondays is high, namely 7.47%. This means that the expected range of value change for the Bitcoin Diamond is -3.67% and 11.26% on 68% of the Mondays.

Historical performance on Tuesday do not show an increase in value of the Bitcoin Diamond on which a prediction can be made. The Bitcoin Diamond increased in value on average on an average Tuesday with 0.74%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Diamond on a Tuesday is between -0.44% and 1.92% (see also the table below).

The Bitcoin Diamond declines in value on an average Wednesday with -1.29%. However, the uncertainty (or standard deviation) is quite large, namely 1.85%. This means that it is not possible to say whether on a regular Wednesday the Bitcoin Diamond will increase or decrease in value.

It is hard to tell whether the Bitcoin Diamond will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bitcoin Diamond is -0.28%. However, the standard deviation on this weekday is 0.67%. This means that on most Thursdays, the change in value of the Bitcoin Diamond is between -0.96% and 0.39%.

On an average Friday the Bitcoin Diamond shows an increase in value of 2.20%. However, the change of Bitcoin Diamond on most of the Fridays is between -1.86% and 6.26%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bitcoin Diamonds.

It is hard to tell whether the Bitcoin Diamond will increase or decrease in value on an average Saturday. The average change on a Saturday for the Bitcoin Diamond is -0.22%. However, the standard deviation on this weekday is 0.16%. This means that on most Saturdays, the change in value of the Bitcoin Diamond is between -0.38% and -0.05%.

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 -0.40% 0.97% -1.37% to 0.56%
Monday 3.79% 7.47% -3.67% to 11.26%
Tuesday 0.74% 1.18% -0.44% to 1.92%
Wednesday -1.29% 1.85% -3.14% to 0.56%
Thursday -0.28% 0.67% -0.96% to 0.39%
Friday 2.20% 4.06% -1.86% to 6.26%
Saturday -0.22% 0.16% -0.38% to -0.05%
 

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