Bytecoin (BCN)

Current price: $ 0.000496

24 hours price change: $ 0.000002 (0.42%)

Daily analysis of Bytecoin (BCN) - 6 months

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 6 months, starting on March 23rd, 2019 to September 22nd, 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 03/23/2019 and 09/22/2019.

According to the performance of Bytecoin between March 23rd, 2019 and September 22nd, 2019, Bytecoin performed the best on Mondays. On average, the price of Bytecoin increased 1.09% on Monday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin declined in value on average by -2.35%.

Bytecoin weekday performance

On an average Sunday, the Bytecoin increased 0.40%. However, since the expected deviation is 1.75%, the Bytecoin will decline in value on a Sunday quiet regularly. The expected price change of the Bytecoin on a Sunday is between -1.35% and 2.15%.

On an average Monday the Bytecoin shows an increase in value of 1.09%. However, the change of Bytecoin on most of the Mondays is between -3.03% and 5.20%. Therefore it is hard to tell whether an average Monday is a good day to start buying Bytecoins.

On an average Tuesday, the Bytecoin increased 0.51%. However, since the expected deviation is 3.26%, the Bytecoin will decline in value on a Tuesday quiet regularly. The expected price change of the Bytecoin on a Tuesday is between -2.75% and 3.76%.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Bytecoin is -0.14%. However, the standard deviation on this weekday is 3.81%. This means that on most Wednesdays, the change in value of the Bytecoin is between -3.95% and 3.66%.

On Thursdays, the Bytecoin decreases in value on average with -0.81%. On most of the Thursdays the Bytecoin decreases in value between -3.82% and 2.19%. The uncertainty (3.00%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Bytecoin on Thursdays is large.

The Bytecoin declines in value on an average Friday with -2.35%. However, the uncertainty (or standard deviation) is quite large, namely 5.12%. This means that it is not possible to say whether on a regular Friday the Bytecoin will increase or decrease in value.

The Bytecoin declines in value on an average Saturday with -1.21%. However, the uncertainty (or standard deviation) is quite large, namely 3.84%. 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 0.40% 1.75% -1.35% to 2.15%
Monday 1.09% 4.11% -3.03% to 5.20%
Tuesday 0.51% 3.26% -2.75% to 3.76%
Wednesday -0.14% 3.81% -3.95% to 3.66%
Thursday -0.81% 3.00% -3.82% to 2.19%
Friday -2.35% 5.12% -7.48% to 2.77%
Saturday -1.21% 3.84% -5.04% to 2.63%