Bitcoin Diamond (BCD)

Current price: $ 0.52

24 hours price change: $ -0.007768 (-1.47%)

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 October 26th, 2019 to October 25th, 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 10/26/2019 and 10/25/2020.

According to the performance of Bitcoin Diamond between October 26th, 2019 and October 25th, 2020, Bitcoin Diamond performed the best on Wednesdays. On average, the price of Bitcoin Diamond increased 5.37% on Wednesday.

The weekday on which the Bitcoin Diamond performed the worst, is Friday. On Fridays, the Bitcoin Diamond declined in value on average by -0.35%.

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 0.21%. 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 (3.94%). 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 -3.73% and 4.15%.

Bitcoin Diamond increased in value on an average Monday 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 (2.89%). 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 -2.81% and 2.98%.

On an average Tuesday, the Bitcoin Diamond increased 0.39%. However, since the expected deviation is 3.99%, the Bitcoin Diamond will decline in value on a Tuesday quiet regularly. The expected price change of the Bitcoin Diamond on a Tuesday is between -3.60% and 4.39%.

The increase in value of the Bitcoin Diamond is 5.37% on an average Wednesday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Wednesdays. This is the reason why an expected increase of the Bitcoin Diamond on an average Wednesday cannot be predicted. The standard deviation for Bitcoin Diamond on Wednesdays is high, namely 30.50%. This means that the expected range of value change for the Bitcoin Diamond is -25.13% and 35.86% on 68% of the Wednesdays.

Historical performance on Thursday 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 Thursday with 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Diamond on a Thursday is between -2.64% and 4.50% (see also the table below).

Allthough the Bitcoin Diamond decreases in value with -0.35% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Diamond on Fridays is 2.80%. This means that the expected change of the value of Bitcoin Diamond is between -3.15% and 2.46% on 68 out of 100 Fridays.

The increase in value of the Bitcoin Diamond is 4.14% on an average Saturday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Saturdays. This is the reason why an expected increase of the Bitcoin Diamond on an average Saturday cannot be predicted. The standard deviation for Bitcoin Diamond on Saturdays is high, namely 29.45%. This means that the expected range of value change for the Bitcoin Diamond is -25.32% and 33.59% on 68% of the 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 0.21% 3.94% -3.73% to 4.15%
Monday 0.08% 2.89% -2.81% to 2.98%
Tuesday 0.39% 3.99% -3.60% to 4.39%
Wednesday 5.37% 30.50% -25.13% to 35.86%
Thursday 0.93% 3.57% -2.64% to 4.50%
Friday -0.35% 2.80% -3.15% to 2.46%
Saturday 4.14% 29.45% -25.32% to 33.59%
 

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