Bitcoin Gold (BTG)

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Daily analysis of Bitcoin Gold (BTG) - all

The performance of Bitcoin Gold regarding the price differs every day. To make the best decision to buy Bitcoin Gold, we are analysis in this article the performance of Bitcoin Gold on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on October 23rd, 2017 to May 17th, 2024.

In the barchart below, the weekdays and average performance of Bitcoin Gold are shown side by side.

Average daily change in price of Bitcoin Gold per weekday between 10/23/2017 and 05/17/2024.

According to the performance of Bitcoin Gold between October 23rd, 2017 and May 17th, 2024, Bitcoin Gold performed the best on Fridays. On average, the price of Bitcoin Gold increased 0.36% on Friday.

The weekday on which the Bitcoin Gold performed the worst, is Tuesday. On Tuesdays, the Bitcoin Gold rose in value on average by 0.01%. The price still increased on Tuesdays, allthough it was the smallest increase of all days on average.

Bitcoin Gold weekday performance

On an average Sunday, the Bitcoin Gold increased 0.30%. However, since the expected deviation is 3.15%, the Bitcoin Gold will decline in value on a Sunday quiet regularly. The expected price change of the Bitcoin Gold on a Sunday is between -2.84% and 3.45%.

Bitcoin Gold increased in value on an average Monday only slightly. The average increase in value of the Bitcoin Gold was 0.19%. Allthough the Bitcoin Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (4.68%). This means that on 68 percent of the Mondays, the change in price of the Bitcoin Gold is expected to be in the range of -4.49% and 4.87%.

Bitcoin Gold increased in value on an average Tuesday only slightly. The average increase in value of the Bitcoin Gold was 0.01%. Allthough the Bitcoin Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.75%). This means that on 68 percent of the Tuesdays, the change in price of the Bitcoin Gold is expected to be in the range of -2.74% and 2.76%.

Bitcoin Gold increased in value on an average Wednesday only slightly. The average increase in value of the Bitcoin Gold was 0.21%. Allthough the Bitcoin Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.60%). This means that on 68 percent of the Wednesdays, the change in price of the Bitcoin Gold is expected to be in the range of -3.39% and 3.82%.

On an average Thursday, the Bitcoin Gold increased 0.32%. However, since the expected deviation is 3.97%, the Bitcoin Gold will decline in value on a Thursday quiet regularly. The expected price change of the Bitcoin Gold on a Thursday is between -3.66% and 4.29%.

On an average Friday, the Bitcoin Gold increased 0.36%. However, since the expected deviation is 6.83%, the Bitcoin Gold will decline in value on a Friday quiet regularly. The expected price change of the Bitcoin Gold on a Friday is between -6.46% and 7.19%.

Bitcoin Gold increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin Gold was 0.15%. Allthough the Bitcoin Gold closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (3.42%). This means that on 68 percent of the Saturdays, the change in price of the Bitcoin Gold is expected to be in the range of -3.27% and 3.57%.

Bitcoin Gold weekday performance details

Find below the details of the performance of Bitcoin Gold 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 0.30% 3.15% -2.84% to 3.45%
Monday 0.19% 4.68% -4.49% to 4.87%
Tuesday 0.01% 2.75% -2.74% to 2.76%
Wednesday 0.21% 3.60% -3.39% to 3.82%
Thursday 0.32% 3.97% -3.66% to 4.29%
Friday 0.36% 6.83% -6.46% to 7.19%
Saturday 0.15% 3.42% -3.27% to 3.57%
 

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