Bytecoin (BCN)

Current price: $ 0.000170

24 hours price change: $ -0.00000070 (-0.41%)

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 May 30th, 2020 to November 29th, 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 05/30/2020 and 11/29/2020.

According to the performance of Bytecoin between May 30th, 2020 and November 29th, 2020, Bytecoin performed the best on Thursdays. On average, the price of Bytecoin increased 0.62% on Thursday.

The weekday on which the Bytecoin performed the worst, is Wednesday. On Wednesdays, the Bytecoin declined in value on average by -0.39%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.24%. 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 (0.76%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -0.52% and 1.01%.

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 (0.56%). This means that on 68 percent of the Mondays, the change in price of the Bytecoin is expected to be in the range of -0.53% and 0.59%.

On an average Tuesday, the Bytecoin increased 0.60%. However, since the expected deviation is 2.26%, the Bytecoin will decline in value on a Tuesday quiet regularly. The expected price change of the Bytecoin on a Tuesday is between -1.67% and 2.86%.

Allthough the Bytecoin decreases in value with -0.39% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Wednesdays is 1.28%. This means that the expected change of the value of Bytecoin is between -1.66% and 0.89% on 68 out of 100 Wednesdays.

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 0.62%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Thursday is between -1.79% and 3.04% (see also the table below).

Bytecoin increased in value on an average Friday 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 (0.40%). This means that on 68 percent of the Fridays, the change in price of the Bytecoin is expected to be in the range of -0.29% and 0.51%.

Allthough the Bytecoin decreases in value with -0.36% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Saturdays is 1.90%. This means that the expected change of the value of Bytecoin is between -2.26% and 1.53% on 68 out of 100 Saturdays.

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 0.24% 0.76% -0.52% to 1.01%
Monday 0.03% 0.56% -0.53% to 0.59%
Tuesday 0.60% 2.26% -1.67% to 2.86%
Wednesday -0.39% 1.28% -1.66% to 0.89%
Thursday 0.62% 2.42% -1.79% to 3.04%
Friday 0.11% 0.40% -0.29% to 0.51%
Saturday -0.36% 1.90% -2.26% to 1.53%
 

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