Bitcoin Gold (BTG)

Current price: $ 8.78

24 hours price change: $ 0.80 (10.03%)

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 8th, 2020 to April 7th, 2020.

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 03/08/2020 and 04/07/2020.

According to the performance of Bitcoin Gold between March 8th, 2020 and April 7th, 2020, Bitcoin Gold performed the best on Mondays. On average, the price of Bitcoin Gold increased 0.61% on Monday.

The weekday on which the Bitcoin Gold performed the worst, is Thursday. On Thursdays, the Bitcoin Gold declined in value on average by -1.43%.

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 -0.09%. However, the standard deviation on this weekday is 1.16%. This means that on most Sundays, the change in value of the Bitcoin Gold is between -1.25% and 1.06%.

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 0.61%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Gold on a Monday is between -0.84% and 2.07% (see also the table below).

Bitcoin Gold increased in value on an average Tuesday only slightly. The average increase in value of the Bitcoin Gold was 0.18%. 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 (0.81%). This means that on 68 percent of the Tuesdays, the change in price of the Bitcoin Gold is expected to be in the range of -0.62% and 0.99%.

Allthough the Bitcoin Gold decreases in value with -0.48% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Wednesdays is 0.62%. This means that the expected change of the value of Bitcoin Gold is between -1.10% and 0.15% on 68 out of 100 Wednesdays.

The Bitcoin Gold declines in value on an average Thursday with -1.43%. However, the uncertainty (or standard deviation) is quite large, namely 3.19%. This means that it is not possible to say whether on a regular Thursday the Bitcoin Gold will increase or decrease in value.

On Fridays, the Bitcoin Gold decreases in value on average with -0.71%. On most of the Fridays the Bitcoin Gold decreases in value between -1.50% and 0.07%. The uncertainty (0.78%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Bitcoin Gold on Fridays is large.

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 -0.02%. However, the standard deviation on this weekday is 0.08%. This means that on most Saturdays, the change in value of the Bitcoin Gold is between -0.10% and 0.06%.

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 -0.09% 1.16% -1.25% to 1.06%
Monday 0.61% 1.45% -0.84% to 2.07%
Tuesday 0.18% 0.81% -0.62% to 0.99%
Wednesday -0.48% 0.62% -1.10% to 0.15%
Thursday -1.43% 3.19% -4.62% to 1.76%
Friday -0.71% 0.78% -1.50% to 0.07%
Saturday -0.02% 0.08% -0.10% to 0.06%
 

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