Bytecoin (BCN)

Current price: $ 0.000450

24 hours price change: $ -0.00000020 (-0.04%)

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 December 13th, 2020 to June 13th, 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 12/13/2020 and 06/13/2021.

According to the performance of Bytecoin between December 13th, 2020 and June 13th, 2021, Bytecoin performed the best on Saturdays. On average, the price of Bytecoin increased 0.85% on Saturday.

The weekday on which the Bytecoin performed the worst, is Wednesday. On Wednesdays, the Bytecoin declined in value on average by -0.30%.

Bytecoin weekday performance

Bytecoin increased in value on an average Sunday only slightly. The average increase in value of the Bytecoin was 0.09%. 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 (3.51%). This means that on 68 percent of the Sundays, the change in price of the Bytecoin is expected to be in the range of -3.41% and 3.60%.

Historical performance on Monday 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 Monday with 0.73%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Monday is between -3.52% and 4.97% (see also the table below).

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 -0.14%. However, the standard deviation on this weekday is 3.53%. This means that on most Tuesdays, the change in value of the Bytecoin is between -3.68% and 3.39%.

Allthough the Bytecoin decreases in value with -0.30% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Bytecoin on Wednesdays is 10.71%. This means that the expected change of the value of Bytecoin is between -11.01% and 10.40% on 68 out of 100 Wednesdays.

It is hard to tell whether the Bytecoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Bytecoin is -0.22%. However, the standard deviation on this weekday is 2.87%. This means that on most Thursdays, the change in value of the Bytecoin is between -3.09% and 2.64%.

Bytecoin increased in value on an average Friday only slightly. The average increase in value of the Bytecoin was 0.29%. 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 (4.67%). This means that on 68 percent of the Fridays, the change in price of the Bytecoin is expected to be in the range of -4.38% and 4.97%.

Historical performance on Saturday 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 Saturday with 0.85%. However, the uncertainty of this increase is high. The expected change in value of the Bytecoin on a Saturday is between -5.20% and 6.90% (see also the table below).

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 0.09% 3.51% -3.41% to 3.60%
Monday 0.73% 4.24% -3.52% to 4.97%
Tuesday -0.14% 3.53% -3.68% to 3.39%
Wednesday -0.30% 10.71% -11.01% to 10.40%
Thursday -0.22% 2.87% -3.09% to 2.64%
Friday 0.29% 4.67% -4.38% to 4.97%
Saturday 0.85% 6.05% -5.20% to 6.90%
 

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