Bytecoin (BCN)

Current price: $ 0.000475

24 hours price change: $ 0.000005 (1.09%)

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 September 9th, 2020 to March 9th, 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 09/09/2020 and 03/09/2021.

According to the performance of Bytecoin between September 9th, 2020 and March 9th, 2021, Bytecoin performed the best on Sundays. On average, the price of Bytecoin increased 0.93% on Sunday.

The weekday on which the Bytecoin performed the worst, is Monday. On Mondays, the Bytecoin declined in value on average by -0.19%.

Bytecoin weekday performance

Historical performance on Sunday 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 Sunday with 0.93%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Sunday is between -3.16% and 5.02% (see also the table below).

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Monday. The average change on a Monday for the Bytecoin is -0.19%. However, the standard deviation on this weekday is 3.07%. This means that on most Mondays, the change in value of the Bytecoin is between -3.26% and 2.88%.

Bytecoin increased in value on an average Tuesday only slightly. The average increase in value of the Bytecoin was 0.14%. 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 (3.67%). This means that on 68 percent of the Tuesdays, the change in price of the Bytecoin is expected to be in the range of -3.53% and 3.81%.

Historical performance on Wednesday 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 Wednesday with 0.80%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Wednesday is between -3.23% and 4.84% (see also the table below).

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 0.81%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Thursday is between -2.49% and 4.12% (see also the table below).

Historical performance on Friday 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 Friday with 0.92%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Friday is between -3.22% and 5.05% (see also the table below).

On an average Saturday, the Bytecoin increased 0.58%. However, since the expected deviation is 6.42%, the Bytecoin will decline in value on a Saturday quiet regularly. The expected price change of the Bytecoin on a Saturday is between -5.84% and 7.01%.

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 0.93% 4.09% -3.16% to 5.02%
Monday -0.19% 3.07% -3.26% to 2.88%
Tuesday 0.14% 3.67% -3.53% to 3.81%
Wednesday 0.80% 4.03% -3.23% to 4.84%
Thursday 0.81% 3.30% -2.49% to 4.12%
Friday 0.92% 4.14% -3.22% to 5.05%
Saturday 0.58% 6.42% -5.84% to 7.01%
 

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