Bitcoin Gold (BTG)

Current price: $ 26.61

24 hours price change: $ 0.21 (0.80%)

Daily analysis of Bitcoin Gold (BTG) - 1 month

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 1 month, starting on February 1st, 2024 to March 1st, 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 02/01/2024 and 03/01/2024.

According to the performance of Bitcoin Gold between February 1st, 2024 and March 1st, 2024, Bitcoin Gold performed the best on Wednesdays. On average, the price of Bitcoin Gold increased 2.03% on Wednesday.

The weekday on which the Bitcoin Gold performed the worst, is Saturday. On Saturdays, the Bitcoin Gold declined in value on average by -0.65%.

Bitcoin Gold weekday performance

Allthough the Bitcoin Gold decreases in value with -0.37% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Sundays is 0.31%. This means that the expected change of the value of Bitcoin Gold is between -0.68% and -0.07% on 68 out of 100 Sundays.

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 -0.10%. However, the standard deviation on this weekday is 0.55%. This means that on most Mondays, the change in value of the Bitcoin Gold is between -0.65% and 0.44%.

On an average Tuesday the Bitcoin Gold shows a high increase in value, namely 1.45%. The standard deviation is below the average increase percentage (standard deviation is 1.28%), meaning that on 68% of the Tuesdays the Bitcoin Gold will increase with a percentage between 0.17% and 2.73%. This also means that, on average, on 16 percent of the Tuesdays, the Bitcoin Gold will increase with a percentage above this range. On the other 16% of the Tuesdays, the Bitcoin Gold will change with a percentage below the 0.17%.

On an average Wednesday the Bitcoin Gold shows an increase in value of 2.03%. However, the change of Bitcoin Gold on most of the Wednesdays is between -1.95% and 6.02%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bitcoin Golds.

On an average Thursday, the Bitcoin Gold increased 0.40%. However, since the expected deviation is 1.66%, 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 -1.26% and 2.06%.

Allthough the Bitcoin Gold decreases in value with -0.38% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Fridays is 1.05%. This means that the expected change of the value of Bitcoin Gold is between -1.43% and 0.68% on 68 out of 100 Fridays.

On Saturdays, the Bitcoin Gold decreases in value on average with -0.65%. On most of the Saturdays the Bitcoin Gold decreases in value between -1.46% and 0.16%. The uncertainty (0.81%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the Bitcoin Gold on Saturdays is large.

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 -0.37% 0.31% -0.68% to -0.07%
Monday -0.10% 0.55% -0.65% to 0.44%
Tuesday 1.45% 1.28% 0.17% to 2.73%
Wednesday 2.03% 3.98% -1.95% to 6.02%
Thursday 0.40% 1.66% -1.26% to 2.06%
Friday -0.38% 1.05% -1.43% to 0.68%
Saturday -0.65% 0.81% -1.46% to 0.16%
 

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