Bitcoin Gold (BTG)

Current price: $ 88.83

24 hours price change: $ -1.11 (-1.24%)

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 March 19th, 2021 to April 19th, 2021.

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 03/19/2021 and 04/19/2021.

According to the performance of Bitcoin Gold between March 19th, 2021 and April 19th, 2021, Bitcoin Gold performed the best on Wednesdays. On average, the price of Bitcoin Gold increased 2.25% on Wednesday.

The weekday on which the Bitcoin Gold performed the worst, is Thursday. On Thursdays, the Bitcoin Gold declined in value on average by -0.42%.

Bitcoin Gold weekday performance

Allthough the Bitcoin Gold decreases in value with -0.31% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Sundays is 0.68%. This means that the expected change of the value of Bitcoin Gold is between -0.99% and 0.36% on 68 out of 100 Sundays.

Historical performance on Monday 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 Monday with 0.99%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Gold on a Monday is between -1.73% and 3.70% (see also the table below).

On an average Tuesday the Bitcoin Gold shows an increase in value of 1.07%. However, the change of Bitcoin Gold on most of the Tuesdays is between -0.54% and 2.68%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Bitcoin Golds.

On an average Wednesday the Bitcoin Gold shows an increase in value of 2.25%. However, the change of Bitcoin Gold on most of the Wednesdays is between -1.63% and 6.14%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bitcoin Golds.

Allthough the Bitcoin Gold decreases in value with -0.42% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Thursdays is 0.72%. This means that the expected change of the value of Bitcoin Gold is between -1.14% and 0.31% on 68 out of 100 Thursdays.

On an average Friday the Bitcoin Gold shows an increase in value of 1.43%. However, the change of Bitcoin Gold on most of the Fridays is between -1.88% and 4.74%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bitcoin Golds.

On an average Saturday, the Bitcoin Gold increased 0.58%. However, since the expected deviation is 1.04%, the Bitcoin Gold will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin Gold on a Saturday is between -0.46% and 1.61%.

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 -0.31% 0.68% -0.99% to 0.36%
Monday 0.99% 2.71% -1.73% to 3.70%
Tuesday 1.07% 1.61% -0.54% to 2.68%
Wednesday 2.25% 3.88% -1.63% to 6.14%
Thursday -0.42% 0.72% -1.14% to 0.31%
Friday 1.43% 3.31% -1.88% to 4.74%
Saturday 0.58% 1.04% -0.46% to 1.61%
 

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