Bitcoin Gold (BTG)

Current price: $ 85.37

24 hours price change: $ -6.27 (-6.84%)

Daily analysis of Bitcoin Gold (BTG) - 6 months

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 6 months, starting on November 17th, 2020 to May 17th, 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 11/17/2020 and 05/17/2021.

According to the performance of Bitcoin Gold between November 17th, 2020 and May 17th, 2021, Bitcoin Gold performed the best on Mondays. On average, the price of Bitcoin Gold increased 1.73% on Monday.

The weekday on which the Bitcoin Gold performed the worst, is Tuesday. On Tuesdays, the Bitcoin Gold declined in value on average by -0.48%.

Bitcoin Gold weekday performance

Bitcoin Gold increased in value on an average Sunday only slightly. The average increase in value of the Bitcoin Gold was 0.11%. 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 (3.64%). This means that on 68 percent of the Sundays, the change in price of the Bitcoin Gold is expected to be in the range of -3.53% and 3.75%.

On an average Monday the Bitcoin Gold shows an increase in value of 1.73%. However, the change of Bitcoin Gold on most of the Mondays is between -2.03% and 5.48%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bitcoin Golds.

Allthough the Bitcoin Gold decreases in value with -0.48% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Gold on Tuesdays is 2.26%. This means that the expected change of the value of Bitcoin Gold is between -2.74% and 1.78% on 68 out of 100 Tuesdays.

On an average Wednesday, the Bitcoin Gold increased 0.32%. However, since the expected deviation is 4.43%, the Bitcoin Gold will decline in value on a Wednesday quiet regularly. The expected price change of the Bitcoin Gold on a Wednesday is between -4.11% and 4.75%.

On an average Thursday, the Bitcoin Gold increased 0.54%. However, since the expected deviation is 2.08%, 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 -1.54% and 2.62%.

On an average Friday, the Bitcoin Gold increased 0.43%. However, since the expected deviation is 2.39%, the Bitcoin Gold will decline in value on a Friday quiet regularly. The expected price change of the Bitcoin Gold on a Friday is between -1.96% and 2.82%.

On an average Saturday, the Bitcoin Gold increased 0.49%. However, since the expected deviation is 3.31%, 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 -2.81% and 3.80%.

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 0.11% 3.64% -3.53% to 3.75%
Monday 1.73% 3.75% -2.03% to 5.48%
Tuesday -0.48% 2.26% -2.74% to 1.78%
Wednesday 0.32% 4.43% -4.11% to 4.75%
Thursday 0.54% 2.08% -1.54% to 2.62%
Friday 0.43% 2.39% -1.96% to 2.82%
Saturday 0.49% 3.31% -2.81% to 3.80%
 

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