Bitcoin Private (BTCP)

Current price: $ 0.43

24 hours price change: $ -0.0001 (-0.02%)

Daily analysis of Bitcoin Private (BTCP) - 6 months

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 6 months, starting on October 18th, 2018 to April 17th, 2019.

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 10/18/2018 and 04/17/2019.

According to the performance of Bitcoin Private between October 18th, 2018 and April 17th, 2019, Bitcoin Private performed the best on Wednesdays. On average, the price of Bitcoin Private increased 2.06% on Wednesday.

The weekday on which the Bitcoin Private performed the worst, is Saturday. On Saturdays, the Bitcoin Private declined in value on average by -1.06%.

Bitcoin Private weekday performance

Allthough the Bitcoin Private decreases in value with -0.36% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Private on Sundays is 1.92%. This means that the expected change of the value of Bitcoin Private is between -2.29% and 1.56% on 68 out of 100 Sundays.

Bitcoin Private increased in value on an average Monday only slightly. The average increase in value of the Bitcoin Private was 0.14%. Allthough the Bitcoin Private closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (2.00%). This means that on 68 percent of the Mondays, the change in price of the Bitcoin Private is expected to be in the range of -1.85% and 2.14%.

Allthough the Bitcoin Private decreases in value with -0.53% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bitcoin Private on Tuesdays is 1.80%. This means that the expected change of the value of Bitcoin Private is between -2.33% and 1.28% on 68 out of 100 Tuesdays.

On an average Wednesday the Bitcoin Private shows an increase in value of 2.06%. However, the change of Bitcoin Private on most of the Wednesdays is between -6.36% and 10.48%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bitcoin Privates.

It is hard to tell whether the Bitcoin Private will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bitcoin Private is -0.09%. However, the standard deviation on this weekday is 2.99%. This means that on most Thursdays, the change in value of the Bitcoin Private is between -3.08% and 2.89%.

Bitcoin Private increased in value on an average Friday only slightly. The average increase in value of the Bitcoin Private was 0.13%. Allthough the Bitcoin Private closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (1.62%). This means that on 68 percent of the Fridays, the change in price of the Bitcoin Private is expected to be in the range of -1.49% and 1.74%.

The Bitcoin Private declines in value on an average Saturday with -1.06%. However, the uncertainty (or standard deviation) is quite large, namely 2.44%. This means that it is not possible to say whether on a regular Saturday the Bitcoin Private will increase or decrease in value.

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-0.36%1.92%-2.29% to 1.56%
Monday0.14%2.00%-1.85% to 2.14%
Tuesday-0.53%1.80%-2.33% to 1.28%
Wednesday2.06%8.42%-6.36% to 10.48%
Thursday-0.09%2.99%-3.08% to 2.89%
Friday0.13%1.62%-1.49% to 1.74%
Saturday-1.06%2.44%-3.50% to 1.37%