Bytecoin (BCN)

Current price: $ 0.000920

24 hours price change: $ -0.000132 (-12.57%)

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 March 20th, 2021 to April 20th, 2021.

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 03/20/2021 and 04/20/2021.

According to the performance of Bytecoin between March 20th, 2021 and April 20th, 2021, Bytecoin performed the best on Fridays. On average, the price of Bytecoin increased 1.88% on Friday.

The weekday on which the Bytecoin performed the worst, is Thursday. On Thursdays, the Bytecoin declined in value on average by -2.00%.

Bytecoin weekday performance

Allthough the Bytecoin decreases in value with -0.37% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Sundays is 0.62%. This means that the expected change of the value of Bytecoin is between -0.99% and 0.25% on 68 out of 100 Sundays.

Historical performance on Monday 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 Monday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Monday is between -1.35% and 2.64% (see also the table below).

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Bytecoin is -0.14%. However, the standard deviation on this weekday is 0.85%. This means that on most Tuesdays, the change in value of the Bytecoin is between -0.99% and 0.71%.

Bytecoin increased in value on an average Wednesday only slightly. The average increase in value of the Bytecoin was 0.02%. 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 (0.65%). This means that on 68 percent of the Wednesdays, the change in price of the Bytecoin is expected to be in the range of -0.63% and 0.67%.

The Bytecoin declines in value on an average Thursday with -2.00%. However, the uncertainty (or standard deviation) is quite large, namely 3.54%. This means that it is not possible to say whether on a regular Thursday the Bytecoin will increase or decrease in value.

On an average Friday the Bytecoin shows an increase in value of 1.88%. However, the change of Bytecoin on most of the Fridays is between -1.15% and 4.91%. Therefore it is hard to tell whether an average Friday is a good day to start buying Bytecoins.

The average increase of the Bytecoin on an average Saturday is 0.44%. This is a small increase, however, the expected change of the Bytecoin in 95% of the Saturdays is -0.31% and 1.18%. This means that only on 2.5% (or slightly over 1 Saturday per year) the expected change of the Bytecoin is below -0.31%. On the other hand, you would not have to expect that the change on a single Saturday will be above 1.18%. This will also only happen on 2.5% of the Saturdays. On 68% of the Saturdays, the increase of the Bytecoin will be in the range of 0.06% and 0.81%.

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.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday -0.37% 0.62% -0.99% to 0.25%
Monday 0.64% 2.00% -1.35% to 2.64%
Tuesday -0.14% 0.85% -0.99% to 0.71%
Wednesday 0.02% 0.65% -0.63% to 0.67%
Thursday -2.00% 3.54% -5.53% to 1.54%
Friday 1.88% 3.03% -1.15% to 4.91%
Saturday 0.44% 0.37% 0.06% to 0.81%
 

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