Bytecoin (BCN)

Current price: $ 0.0007

24 hours price change: $ 0.00003954 (5.88%)

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 August 20th, 2018 to February 19th, 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 08/20/2018 and 02/19/2019.

According to the performance of Bytecoin between August 20th, 2018 and February 19th, 2019, Bytecoin performed the best on Sundays. On average, the price of Bytecoin increased 0.73% on Sunday.

The weekday on which the Bytecoin performed the worst, is Friday. On Fridays, the Bytecoin declined in value on average by -0.81%.

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 0.73%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Sunday is between -1.09% and 2.56% (see also the table below).

On an average Monday, the Bytecoin increased 0.59%. However, since the expected deviation is 2.35%, the Bytecoin will decline in value on a Monday quiet regularly. The expected price change of the Bytecoin on a Monday is between -1.75% and 2.94%.

Allthough the Bytecoin decreases in value with -0.31% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Tuesdays is 1.85%. This means that the expected change of the value of Bytecoin is between -2.16% and 1.54% on 68 out of 100 Tuesdays.

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 (2.17%). This means that on 68 percent of the Wednesdays, the change in price of the Bytecoin is expected to be in the range of -2.15% and 2.20%.

Bytecoin increased in value on an average Thursday 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 (1.60%). This means that on 68 percent of the Thursdays, the change in price of the Bytecoin is expected to be in the range of -1.46% and 1.74%.

On Fridays, the Bytecoin decreases in value on average with -0.81%. On most of the Fridays the Bytecoin decreases in value between -2.78% and 1.15%. The uncertainty (1.97%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Bytecoin on Fridays is large.

Bytecoin increased in value on an average Saturday only slightly. The average increase in value of the Bytecoin was 0.15%. 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 (1.95%). This means that on 68 percent of the Saturdays, the change in price of the Bytecoin is expected to be in the range of -1.80% and 2.10%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday0.73%1.83%-1.09% to 2.56%
Monday0.59%2.35%-1.75% to 2.94%
Tuesday-0.31%1.85%-2.16% to 1.54%
Wednesday0.02%2.17%-2.15% to 2.20%
Thursday0.14%1.60%-1.46% to 1.74%
Friday-0.81%1.97%-2.78% to 1.15%
Saturday0.15%1.95%-1.80% to 2.10%