Bytecoin (BCN)

Current price: $ 0.000152

24 hours price change: $ -0.000010 (-6.43%)

Daily analysis of Bytecoin (BCN) - 1 year

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 year, starting on December 1st, 2019 to November 30th, 2020.

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 12/01/2019 and 11/30/2020.

According to the performance of Bytecoin between December 1st, 2019 and November 30th, 2020, Bytecoin performed the best on Wednesdays. On average, the price of Bytecoin increased 1.09% on Wednesday.

The weekday on which the Bytecoin performed the worst, is Saturday. On Saturdays, the Bytecoin declined in value on average by -1.55%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.11%. 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 (4.59%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -4.48% and 4.71%.

On an average Monday, the Bytecoin increased 0.45%. However, since the expected deviation is 7.49%, the Bytecoin will decline in value on a Monday quiet regularly. The expected price change of the Bytecoin on a Monday is between -7.04% and 7.94%.

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 -0.23%. However, the standard deviation on this weekday is 3.22%. This means that on most Tuesdays, the change in value of the Bytecoin is between -3.45% and 2.99%.

On an average Wednesday the Bytecoin shows an increase in value of 1.09%. However, the change of Bytecoin on most of the Wednesdays is between -6.78% and 8.96%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Bytecoins.

The Bytecoin declines in value on an average Thursday with -1.24%. However, the uncertainty (or standard deviation) is quite large, namely 6.24%. This means that it is not possible to say whether on a regular Thursday the Bytecoin will increase or decrease in value.

On Fridays, the Bytecoin decreases in value on average with -0.73%. On most of the Fridays the Bytecoin decreases in value between -4.36% and 2.91%. The uncertainty (3.63%) is higher than the average decline percentage (-0.73%). Therefore, expected range of price changes of the Bytecoin on Fridays is large.

The Bytecoin declines in value on an average Saturday with -1.55%. However, the uncertainty (or standard deviation) is quite large, namely 5.58%. This means that it is not possible to say whether on a regular Saturday the Bytecoin will increase or decrease in value.

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 0.11% 4.59% -4.48% to 4.71%
Monday 0.45% 7.49% -7.04% to 7.94%
Tuesday -0.23% 3.22% -3.45% to 2.99%
Wednesday 1.09% 7.87% -6.78% to 8.96%
Thursday -1.24% 6.24% -7.47% to 5.00%
Friday -0.73% 3.63% -4.36% to 2.91%
Saturday -1.55% 5.58% -7.13% to 4.03%
 

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