Bitcoin Gold (BTG)

Current price: $ 10.18

24 hours price change: $ -0.44 (-4.14%)

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 September 18th, 2019.

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 09/18/2019.

According to the performance of Bitcoin Gold between October 23rd, 2017 and September 18th, 2019, Bitcoin Gold performed the best on Fridays. On average, the price of Bitcoin Gold increased 1.30% on Friday.

The weekday on which the Bitcoin Gold performed the worst, is Tuesday. On Tuesdays, the Bitcoin Gold declined in value on average by -0.40%.

Bitcoin Gold weekday performance

On an average Sunday, the Bitcoin Gold increased 0.45%. However, since the expected deviation is 4.92%, 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 -4.47% and 5.37%.

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Monday. The average change on a Monday for the Bitcoin Gold is -0.27%. However, the standard deviation on this weekday is 8.02%. This means that on most Mondays, the change in value of the Bitcoin Gold is between -8.30% and 7.75%.

Allthough the Bitcoin Gold decreases in value with -0.40% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Tuesdays is 4.24%. This means that the expected change of the value of Bitcoin Gold is between -4.63% and 3.84% on 68 out of 100 Tuesdays.

Allthough the Bitcoin Gold decreases in value with -0.38% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Wednesdays is 5.35%. This means that the expected change of the value of Bitcoin Gold is between -5.73% and 4.96% on 68 out of 100 Wednesdays.

On an average Thursday, the Bitcoin Gold increased 0.39%. However, since the expected deviation is 6.76%, 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 -6.37% and 7.15%.

On an average Friday the Bitcoin Gold shows an increase in value of 1.30%. However, the change of Bitcoin Gold on most of the Fridays is between -11.07% and 13.66%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bitcoin Golds.

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Saturday. The average change on a Saturday for the Bitcoin Gold is 0.00%. However, the standard deviation on this weekday is 5.49%. This means that on most Saturdays, the change in value of the Bitcoin Gold is between -5.49% and 5.48%.

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 0.45% 4.92% -4.47% to 5.37%
Monday -0.27% 8.02% -8.30% to 7.75%
Tuesday -0.40% 4.24% -4.63% to 3.84%
Wednesday -0.38% 5.35% -5.73% to 4.96%
Thursday 0.39% 6.76% -6.37% to 7.15%
Friday 1.30% 12.36% -11.07% to 13.66%
Saturday 0.00% 5.49% -5.49% to 5.48%