Bitcoin Performance Analysis: Weekdays vs. Weekends
To determine whether Bitcoin typically performs better on weekdays or weekends, we can analyze its daily price data over the past several months and compare the average price changes between weekdays and weekends.
Here's a breakdown of Bitcoin's performance based on the data provided:
- February 2023:
- Price on 1st (Wednesday): $23,137.83
- March 2023:
- Price on 1st (Wednesday): $23,150.93
- April 2023:
- Price on 1st (Saturday): $28,473.33
- May 2023:
- Price on 1st (Monday): $29,227.10
- June 2023:
- Price on 1st (Thursday): $27,218.41
- July 2023:
- Price on 1st (Sunday): $30,471.85
- August 2023:
- Price on 1st (Tuesday): $29,230.87
- September 2023:
- Price on 1st (Friday): $25,934.02
From the data, we can observe that Bitcoin's price at the beginning of each month varies regardless of whether the day falls on a weekday or weekend. However, this is a very high-level overview, and to get a more accurate understanding, we would need to analyze the daily price changes throughout each month and calculate the average price change for weekdays versus weekends.
Would you like a more detailed analysis based on daily price changes?