Bytecoin (BCN)

Current price: $ 0.000748

24 hours price change: $ 0.000050 (7.19%)

Daily analysis of Bytecoin (BCN) - 1 month

The performance of Bytecoin regarding the price differs every day. To make the best decision to buy Bytecoin, we are analysis in this article the performance of Bytecoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on June 16th, 2019 to July 15th, 2019.

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

Average daily change in price of Bytecoin per weekday between 06/16/2019 and 07/15/2019.

According to the performance of Bytecoin between June 16th, 2019 and July 15th, 2019, Bytecoin performed the best on Tuesdays. On average, the price of Bytecoin increased 2.86% on Tuesday.

The weekday on which the Bytecoin performed the worst, is Saturday. On Saturdays, the Bytecoin declined in value on average by -3.61%.

Bytecoin weekday performance

On an average Sunday the Bytecoin shows an increase in value of 2.06%. However, the change of Bytecoin on most of the Sundays is between -1.49% and 5.61%. Therefore it is hard to tell whether an average Sunday is a good day to start buying Bytecoins.

Bytecoin increased in value on an average Monday only slightly. The average increase in value of the Bytecoin was 0.03%. Allthough the Bytecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.32%). This means that on 68 percent of the Mondays, the change in price of the Bytecoin is expected to be in the range of -0.29% and 0.35%.

On an average Tuesday the Bytecoin shows an increase in value of 2.86%. However, the change of Bytecoin on most of the Tuesdays is between -2.87% and 8.59%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Bytecoins.

The Bytecoin declines in value on an average Wednesday with -2.64%. However, the uncertainty (or standard deviation) is quite large, namely 4.75%. This means that it is not possible to say whether on a regular Wednesday the Bytecoin will increase or decrease in value.

Historical performance on Thursday do not show an increase in value of the Bytecoin on which a prediction can be made. The Bytecoin increased in value on average on an average Thursday with 0.70%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Thursday is between -0.28% and 1.69% (see also the table below).

The Bytecoin declines in value on an average Friday with -2.89%. However, the uncertainty (or standard deviation) is quite large, namely 5.51%. This means that it is not possible to say whether on a regular Friday the Bytecoin will increase or decrease in value.

The decrease in value of the Bytecoin is -3.61% on an average Saturday. The uncertainty of the average change is high for the Bytecoin on Saturdays. This means that it is hard to tell whether the Bytecoin will decrease or increase in value on an average Saturday. If we look at the 68% range of the Bytecoin, we see that on 68% of the Saturdays, the expected change of the Bytecoin is between -8.74% and 1.53%.

Bytecoin weekday performance details

Find below the details of the performance of Bytecoin 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
Sunday2.06%3.55%-1.49% to 5.61%
Monday0.03%0.32%-0.29% to 0.35%
Tuesday2.86%5.73%-2.87% to 8.59%
Wednesday-2.64%4.75%-7.38% to 2.11%
Thursday0.70%0.98%-0.28% to 1.69%
Friday-2.89%5.51%-8.40% to 2.62%
Saturday-3.61%5.13%-8.74% to 1.53%