Bitcoin Gold (BTG)

Current price: $ 23.08

24 hours price change: $ 1.03 (4.67%)

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 April 24th, 2019 to May 23rd, 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 04/24/2019 and 05/23/2019.

According to the performance of Bitcoin Gold between April 24th, 2019 and May 23rd, 2019, Bitcoin Gold performed the best on Fridays. On average, the price of Bitcoin Gold increased 0.33% on Friday.

The weekday on which the Bitcoin Gold performed the worst, is Thursday. On Thursdays, the Bitcoin Gold declined in value on average by -1.76%.

Bitcoin Gold weekday performance

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Sunday. The average change on a Sunday for the Bitcoin Gold is -0.06%. However, the standard deviation on this weekday is 0.20%. This means that on most Sundays, the change in value of the Bitcoin Gold is between -0.26% and 0.14%.

On Mondays, the Bitcoin Gold decreases in value on average with -0.95%. On most of the Mondays the Bitcoin Gold decreases in value between -3.23% and 1.34%. The uncertainty (2.28%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the Bitcoin Gold on Mondays is large.

The Bitcoin Gold declines in value on an average Tuesday with -1.39%. However, the uncertainty (or standard deviation) is quite large, namely 1.26%. This means that it is not possible to say whether on a regular Tuesday the Bitcoin Gold will increase or decrease in value.

On Wednesdays, the Bitcoin Gold decreases in value on average with -0.66%. On most of the Wednesdays the Bitcoin Gold decreases in value between -2.56% and 1.24%. The uncertainty (1.90%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Bitcoin Gold on Wednesdays is large.

The Bitcoin Gold declines in value on an average Thursday with -1.76%. However, the uncertainty (or standard deviation) is quite large, namely 2.98%. This means that it is not possible to say whether on a regular Thursday the Bitcoin Gold will increase or decrease in value.

The average increase of the Bitcoin Gold on an average Friday is 0.33%. This is a small increase, however, the expected change of the Bitcoin Gold in 95% of the Fridays is -0.21% and 0.88%. This means that only on 2.5% (or slightly over 1 Friday per year) the expected change of the Bitcoin Gold is below -0.21%. On the other hand, you would not have to expect that the change on a single Friday will be above 0.88%. This will also only happen on 2.5% of the Fridays. On 68% of the Fridays, the increase of the Bitcoin Gold will be in the range of 0.06% and 0.61%.

Bitcoin Gold increased in value on an average Saturday only slightly. The average increase in value of the Bitcoin Gold was 0.05%. 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 (0.32%). 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 -0.27% and 0.37%.

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
Sunday-0.06%0.20%-0.26% to 0.14%
Monday-0.95%2.28%-3.23% to 1.34%
Tuesday-1.39%1.26%-2.65% to -0.12%
Wednesday-0.66%1.90%-2.56% to 1.24%
Thursday-1.76%2.98%-4.75% to 1.22%
Friday0.33%0.27%0.06% to 0.61%
Saturday0.05%0.32%-0.27% to 0.37%