Bitcoin Gold (BTG)

Current price: $ 11.97

24 hours price change: $ 0.19 (1.61%)

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 December 12th, 2018.

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 12/12/2018.

According to the performance of Bitcoin Gold between October 23rd, 2017 and December 12th, 2018, Bitcoin Gold performed the best on Fridays. On average, the price of Bitcoin Gold increased 2.06% on Friday.

The weekday on which the Bitcoin Gold performed the worst, is Wednesday. On Wednesdays, the Bitcoin Gold declined in value on average by -0.61%.

Bitcoin Gold weekday performance

Historical performance on Sunday do not show an increase in value of the Bitcoin Gold on which a prediction can be made. The Bitcoin Gold increased in value on average on an average Sunday with 0.60%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Gold on a Sunday is between -5.63% and 6.84% (see also the table below).

Allthough the Bitcoin Gold decreases in value with -0.31% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Mondays is 10.29%. This means that the expected change of the value of Bitcoin Gold is between -10.60% and 9.97% on 68 out of 100 Mondays.

Allthough the Bitcoin Gold decreases in value with -0.57% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Tuesdays is 5.41%. This means that the expected change of the value of Bitcoin Gold is between -5.98% and 4.83% on 68 out of 100 Tuesdays.

On Wednesdays, the Bitcoin Gold decreases in value on average with -0.61%. On most of the Wednesdays the Bitcoin Gold decreases in value between -7.32% and 6.11%. The uncertainty (6.72%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Bitcoin Gold on Wednesdays is large.

Historical performance on Thursday do not show an increase in value of the Bitcoin Gold on which a prediction can be made. The Bitcoin Gold increased in value on average on an average Thursday with 0.77%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Gold on a Thursday is between -7.89% and 9.44% (see also the table below).

On an average Friday the Bitcoin Gold shows an increase in value of 2.06%. However, the change of Bitcoin Gold on most of the Fridays is between -13.90% and 18.02%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bitcoin Golds.

Bitcoin Gold increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin Gold was 0.20%. 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 (6.99%). 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 -6.78% and 7.19%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.60%6.24%-5.63% to 6.84%
Monday-0.31%10.29%-10.60% to 9.97%
Tuesday-0.57%5.41%-5.98% to 4.83%
Wednesday-0.61%6.72%-7.32% to 6.11%
Thursday0.77%8.66%-7.89% to 9.44%
Friday2.06%15.96%-13.90% to 18.02%
Saturday0.20%6.99%-6.78% to 7.19%