Bitcoin Private (BTCP)

Current price: $ 1.97

24 hours price change: $ 0.06 (2.91%)

Daily analysis of Bitcoin Private (BTCP) - 1 month

The performance of Bitcoin Private regarding the price differs every day. To make the best decision to buy Bitcoin Private, we are analysis in this article the performance of Bitcoin Private on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on November 9th, 2018 to December 8th, 2018.

In the barchart below, the weekdays and average performance of Bitcoin Private are shown side by side.

Average daily change in price of Bitcoin Private per weekday between 11/09/2018 and 12/08/2018.

According to the performance of Bitcoin Private between November 9th, 2018 and December 8th, 2018, Bitcoin Private performed the best on Wednesdays. On average, the price of Bitcoin Private increased 11.42% on Wednesday.

The weekday on which the Bitcoin Private performed the worst, is Thursday. On Thursdays, the Bitcoin Private declined in value on average by -3.22%.

Bitcoin Private weekday performance

The Bitcoin Private declines in value on an average Sunday with -2.01%. However, the uncertainty (or standard deviation) is quite large, namely 2.01%. This means that it is not possible to say whether on a regular Sunday the Bitcoin Private will increase or decrease in value.

Historical performance on Monday do not show an increase in value of the Bitcoin Private on which a prediction can be made. The Bitcoin Private increased in value on average on an average Monday with 0.70%. However, the uncertainty of this increase is high. The expected change in value of the Bitcoin Private on a Monday is between -0.78% and 2.17% (see also the table below).

On Tuesdays, the Bitcoin Private decreases in value on average with -0.71%. On most of the Tuesdays the Bitcoin Private decreases in value between -1.45% and 0.03%. The uncertainty (0.74%) is higher than the average decline percentage (-0.71%). Therefore, expected range of price changes of the Bitcoin Private on Tuesdays is large.

The increase in value of the Bitcoin Private is 11.42% on an average Wednesday. However, the uncertainty on the average change is high for the Bitcoin Private on Wednesdays. This is the reason why an expected increase of the Bitcoin Private on an average Wednesday cannot be predicted. The standard deviation for Bitcoin Private on Wednesdays is high, namely 17.70%. This means that the expected range of value change for the Bitcoin Private is -6.28% and 29.13% on 68% of the Wednesdays.

The decrease in value of the Bitcoin Private is -3.22% on an average Thursday. The uncertainty of the average change is high for the Bitcoin Private on Thursdays. This means that it is hard to tell whether the Bitcoin Private will decrease or increase in value on an average Thursday. If we look at the 68% range of the Bitcoin Private, we see that on 68% of the Thursdays, the expected change of the Bitcoin Private is between -9.09% and 2.66%.

It is hard to tell whether the Bitcoin Private will increase or decrease in value on an average Friday. The average change on a Friday for the Bitcoin Private is -0.04%. However, the standard deviation on this weekday is 0.60%. This means that on most Fridays, the change in value of the Bitcoin Private is between -0.65% and 0.56%.

On an average Saturday, the Bitcoin Private increased 0.40%. However, since the expected deviation is 1.86%, the Bitcoin Private will decline in value on a Saturday quiet regularly. The expected price change of the Bitcoin Private on a Saturday is between -1.45% and 2.26%.

Bitcoin Private weekday performance details

Find below the details of the performance of Bitcoin Private 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-2.01%2.01%-4.02% to 0.00%
Monday0.70%1.47%-0.78% to 2.17%
Tuesday-0.71%0.74%-1.45% to 0.03%
Wednesday11.42%17.70%-6.28% to 29.13%
Thursday-3.22%5.87%-9.09% to 2.66%
Friday-0.04%0.60%-0.65% to 0.56%
Saturday0.40%1.86%-1.45% to 2.26%