Bitcoin Diamond (BCD)

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Daily analysis of Bitcoin Diamond (BCD) - 1 year

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 year, starting on May 20th, 2023 to May 17th, 2024.

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 05/20/2023 and 05/17/2024.

According to the performance of Bitcoin Diamond between May 20th, 2023 and May 17th, 2024, Bitcoin Diamond performed the best on Fridays. On average, the price of Bitcoin Diamond increased 0.32% on Friday.

The weekday on which the Bitcoin Diamond performed the worst, is Tuesday. On Tuesdays, the Bitcoin Diamond declined in value on average by -0.36%.

Bitcoin Diamond weekday performance

It is hard to tell whether the Bitcoin Diamond will increase or decrease in value on an average Sunday. The average change on a Sunday for the Bitcoin Diamond is -0.08%. However, the standard deviation on this weekday is 1.44%. This means that on most Sundays, the change in value of the Bitcoin Diamond is between -1.52% and 1.37%.

Bitcoin Diamond increased in value on an average Monday only slightly. The average increase in value of the Bitcoin Diamond was 0.16%. 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 (1.72%). This means that on 68 percent of the Mondays, the change in price of the Bitcoin Diamond is expected to be in the range of -1.55% and 1.88%.

Allthough the Bitcoin Diamond decreases in value with -0.36% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Diamond on Tuesdays is 2.47%. This means that the expected change of the value of Bitcoin Diamond is between -2.83% and 2.11% on 68 out of 100 Tuesdays.

Bitcoin Diamond increased in value on an average Wednesday only slightly. The average increase in value of the Bitcoin Diamond was 0.11%. 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 (1.70%). This means that on 68 percent of the Wednesdays, the change in price of the Bitcoin Diamond is expected to be in the range of -1.58% and 1.81%.

Bitcoin Diamond increased in value on an average Thursday only slightly. The average increase in value of the Bitcoin Diamond was 0.10%. 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 (0.84%). This means that on 68 percent of the Thursdays, the change in price of the Bitcoin Diamond is expected to be in the range of -0.74% and 0.94%.

On an average Friday, the Bitcoin Diamond increased 0.32%. However, since the expected deviation is 2.01%, the Bitcoin Diamond will decline in value on a Friday quiet regularly. The expected price change of the Bitcoin Diamond on a Friday is between -1.69% and 2.33%.

Bitcoin Diamond increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin Diamond was 0.24%. 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 (2.44%). 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 -2.20% and 2.67%.

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 -0.08% 1.44% -1.52% to 1.37%
Monday 0.16% 1.72% -1.55% to 1.88%
Tuesday -0.36% 2.47% -2.83% to 2.11%
Wednesday 0.11% 1.70% -1.58% to 1.81%
Thursday 0.10% 0.84% -0.74% to 0.94%
Friday 0.32% 2.01% -1.69% to 2.33%
Saturday 0.24% 2.44% -2.20% to 2.67%
 

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