Bitcoin Gold (BTG)

Current price: $ 24.40

24 hours price change: $ -4.97 (-16.91%)

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 24th, 2021 to May 24th, 2022.

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 11/24/2021 and 05/24/2022.

According to the performance of Bitcoin Gold between November 24th, 2021 and May 24th, 2022, Bitcoin Gold performed the best on Wednesdays. On average, the price of Bitcoin Gold increased 0.56% on Wednesday.

The weekday on which the Bitcoin Gold performed the worst, is Friday. On Fridays, the Bitcoin Gold declined in value on average by -0.11%.

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 -0.04%. However, the standard deviation on this weekday is 1.25%. This means that on most Sundays, the change in value of the Bitcoin Gold is between -1.29% and 1.21%.

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 -0.04%. However, the standard deviation on this weekday is 3.07%. This means that on most Mondays, the change in value of the Bitcoin Gold is between -3.11% and 3.04%.

On an average Tuesday, the Bitcoin Gold increased 0.39%. However, since the expected deviation is 1.33%, the Bitcoin Gold will decline in value on a Tuesday quiet regularly. The expected price change of the Bitcoin Gold on a Tuesday is between -0.93% and 1.72%.

On an average Wednesday, the Bitcoin Gold increased 0.56%. However, since the expected deviation is 1.71%, 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 -1.15% and 2.26%.

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bitcoin Gold is -0.02%. However, the standard deviation on this weekday is 1.06%. This means that on most Thursdays, the change in value of the Bitcoin Gold is between -1.09% and 1.04%.

It is hard to tell whether the Bitcoin Gold will increase or decrease in value on an average Friday. The average change on a Friday for the Bitcoin Gold is -0.11%. However, the standard deviation on this weekday is 1.81%. This means that on most Fridays, the change in value of the Bitcoin Gold is between -1.93% and 1.70%.

Bitcoin Gold increased in value on an average Saturday 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 (2.06%). 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 -1.95% and 2.18%.

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 -0.04% 1.25% -1.29% to 1.21%
Monday -0.04% 3.07% -3.11% to 3.04%
Tuesday 0.39% 1.33% -0.93% to 1.72%
Wednesday 0.56% 1.71% -1.15% to 2.26%
Thursday -0.02% 1.06% -1.09% to 1.04%
Friday -0.11% 1.81% -1.93% to 1.70%
Saturday 0.11% 2.06% -1.95% to 2.18%
 

About Us

: Financial indicators for cryptocurrencies