Bitcoin Diamond (BCD)

Current price: $ 0.65

24 hours price change: $ -0.009872 (-1.49%)

Daily analysis of Bitcoin Diamond (BCD) - 6 months

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 6 months, starting on March 22nd, 2019 to September 21st, 2019.

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 03/22/2019 and 09/21/2019.

According to the performance of Bitcoin Diamond between March 22nd, 2019 and September 21st, 2019, Bitcoin Diamond performed the best on Thursdays. On average, the price of Bitcoin Diamond increased 9.29% on Thursday.

The weekday on which the Bitcoin Diamond performed the worst, is Saturday. On Saturdays, the Bitcoin Diamond declined in value on average by -3.16%.

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 -0.14%. However, the standard deviation on this weekday is 8.08%. This means that on most Sundays, the change in value of the Bitcoin Diamond is between -8.21% and 7.94%.

The increase in value of the Bitcoin Diamond is 5.95% 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 18.31%. This means that the expected range of value change for the Bitcoin Diamond is -12.35% and 24.26% on 68% of the Mondays.

Bitcoin Diamond increased in value on an average Tuesday 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 (9.19%). This means that on 68 percent of the Tuesdays, the change in price of the Bitcoin Diamond is expected to be in the range of -9.13% and 9.25%.

The Bitcoin Diamond declines in value on an average Wednesday with -1.71%. However, the uncertainty (or standard deviation) is quite large, namely 9.53%. This means that it is not possible to say whether on a regular Wednesday the Bitcoin Diamond will increase or decrease in value.

The increase in value of the Bitcoin Diamond is 9.29% on an average Thursday. However, the uncertainty on the average change is high for the Bitcoin Diamond on Thursdays. This is the reason why an expected increase of the Bitcoin Diamond on an average Thursday cannot be predicted. The standard deviation for Bitcoin Diamond on Thursdays is high, namely 22.17%. This means that the expected range of value change for the Bitcoin Diamond is -12.88% and 31.46% on 68% of the Thursdays.

The Bitcoin Diamond declines in value on an average Friday with -1.58%. However, the uncertainty (or standard deviation) is quite large, namely 15.04%. This means that it is not possible to say whether on a regular Friday the Bitcoin Diamond will increase or decrease in value.

The decrease in value of the Bitcoin Diamond is -3.16% on an average Saturday. The uncertainty of the average change is high for the Bitcoin Diamond on Saturdays. This means that it is hard to tell whether the Bitcoin Diamond will decrease or increase in value on an average Saturday. If we look at the 68% range of the Bitcoin Diamond, we see that on 68% of the Saturdays, the expected change of the Bitcoin Diamond is between -11.24% and 4.93%.

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 -0.14% 8.08% -8.21% to 7.94%
Monday 5.95% 18.31% -12.35% to 24.26%
Tuesday 0.06% 9.19% -9.13% to 9.25%
Wednesday -1.71% 9.53% -11.24% to 7.82%
Thursday 9.29% 22.17% -12.88% to 31.46%
Friday -1.58% 15.04% -16.63% to 13.46%
Saturday -3.16% 8.08% -11.24% to 4.93%