Bitcoin Diamond (BCD)

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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 December 28th, 2021 to June 28th, 2022.

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 12/28/2021 and 06/28/2022.

According to the performance of Bitcoin Diamond between December 28th, 2021 and June 28th, 2022, Bitcoin Diamond performed the best on Tuesdays. On average, the price of Bitcoin Diamond increased 0.68% on Tuesday.

The weekday on which the Bitcoin Diamond performed the worst, is Saturday. On Saturdays, the Bitcoin Diamond declined in value on average by -1.12%.

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 0.04%. 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 (0.77%). 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 -0.73% and 0.81%.

Allthough the Bitcoin Diamond decreases in value with -0.49% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Diamond on Mondays is 1.16%. This means that the expected change of the value of Bitcoin Diamond is between -1.65% and 0.66% on 68 out of 100 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 0.68%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Diamond on a Tuesday is between -2.87% and 4.23% (see also the table below).

Bitcoin Diamond increased in value on an average Wednesday 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 (1.07%). 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 -0.90% and 1.23%.

On an average Thursday, the Bitcoin Diamond increased 0.48%. However, since the expected deviation is 1.28%, the Bitcoin Diamond will decline in value on a Thursday quiet regularly. The expected price change of the Bitcoin Diamond on a Thursday is between -0.79% and 1.76%.

On Fridays, the Bitcoin Diamond decreases in value on average with -0.81%. On most of the Fridays the Bitcoin Diamond decreases in value between -3.17% and 1.56%. The uncertainty (2.36%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Bitcoin Diamond on Fridays is large.

The Bitcoin Diamond declines in value on an average Saturday with -1.12%. However, the uncertainty (or standard deviation) is quite large, namely 3.46%. This means that it is not possible to say whether on a regular Saturday the Bitcoin Diamond will increase or decrease in value.

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 0.04% 0.77% -0.73% to 0.81%
Monday -0.49% 1.16% -1.65% to 0.66%
Tuesday 0.68% 3.55% -2.87% to 4.23%
Wednesday 0.16% 1.07% -0.90% to 1.23%
Thursday 0.48% 1.28% -0.79% to 1.76%
Friday -0.81% 2.36% -3.17% to 1.56%
Saturday -1.12% 3.46% -4.58% to 2.34%
 

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: Financial indicators for cryptocurrencies