Bitcoin Diamond (BCD)

Current price: $ 0.11

24 hours price change: $ 0.001119 (1.07%)

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 9th, 2023 to December 9th, 2023.

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 11/09/2023 and 12/09/2023.

According to the performance of Bitcoin Diamond between November 9th, 2023 and December 9th, 2023, Bitcoin Diamond performed the best on Mondays. On average, the price of Bitcoin Diamond increased 2.58% on Monday.

The weekday on which the Bitcoin Diamond performed the worst, is Sunday. On Sundays, the Bitcoin Diamond declined in value on average by -2.46%.

Bitcoin Diamond weekday performance

The Bitcoin Diamond declines in value on an average Sunday with -2.46%. However, the uncertainty (or standard deviation) is quite large, namely 2.33%. This means that it is not possible to say whether on a regular Sunday the Bitcoin Diamond will increase or decrease in value.

On an average Monday the Bitcoin Diamond shows an increase in value of 2.58%. However, the change of Bitcoin Diamond on most of the Mondays is between -0.56% and 5.73%. Therefore it is hard to tell whether an average Monday 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 Tuesday. The average change on a Tuesday for the Bitcoin Diamond is -0.01%. However, the standard deviation on this weekday is 0.45%. This means that on most Tuesdays, the change in value of the Bitcoin Diamond is between -0.46% and 0.45%.

Historical performance on Wednesday 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 Wednesday with 0.63%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Diamond on a Wednesday is between -0.76% and 2.01% (see also the table below).

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 -0.11%. However, the standard deviation on this weekday is 0.70%. This means that on most Thursdays, the change in value of the Bitcoin Diamond is between -0.80% and 0.59%.

Bitcoin Diamond increased in value on an average Friday only slightly. The average increase in value of the Bitcoin Diamond was 0.08%. 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 (0.27%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin Diamond is expected to be in the range of -0.19% and 0.34%.

Bitcoin Diamond increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin Diamond was 0.23%. 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 (1.26%). This means that on 68 percent of the Saturdays, the change in price of the Bitcoin Diamond is expected to be in the range of -1.04% and 1.49%.

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 -2.46% 2.33% -4.79% to -0.13%
Monday 2.58% 3.15% -0.56% to 5.73%
Tuesday -0.01% 0.45% -0.46% to 0.45%
Wednesday 0.63% 1.39% -0.76% to 2.01%
Thursday -0.11% 0.70% -0.80% to 0.59%
Friday 0.08% 0.27% -0.19% to 0.34%
Saturday 0.23% 1.26% -1.04% to 1.49%
 

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