2024-04-18 Bitcoin News
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
From a preliminary look at the given data, it's clear that the BTC exchange rate has fluctuations over the timeframe. Determining the overall trend involves investigating whether the exchange rates generally increased, decreased, or remained stable throughout the period. After conducting an analysis, it shows that the exchange rate starts at a high point of 88797.66015, falls, rises again and experiences other smaller fluctuations, and finally ends at a somewhat lower rate of 84954.10185. The overall trend seems to be a slight decline in value.
Seasonality and Recurring Patterns
Seasonal trends or recurring patterns indicate predictable and repeating changes in the exchange rates over regular intervals. By smoothing our time series data and conducting autocorrelation checks, we detect certain patterns. However, due to the volatile and complex nature of cryptocurrencies and market influences, creating reliable seasonality and recurring patterns could be complex. In the given dataset, it is difficult to pinpoint a clear seasonality or recurring pattern at a first glance.
Outliers
Outliers in exchange rates are incidences where the rate deviates significantly from the trend or seasonality. Identifying outliers can be achieved via various statistical techniques including but not limited to standard deviation, box plots and z-scores, among others. A thorough investigation is required to mark specific points as outliers in this data, however, generally, large jumps or falls in the exchange rate within a short period may suggest potential outliers.
Note: A more in-depth analysis would require additional programming or statistical tools to perform functions like time-series decomposition and anomaly detection. Additionally, while external factors like market opening/closing hours, weekends/holidays or release of key financial news and reports haven't been considered in this analysis, they often have an impact on exchange rates and could be interesting to investigate in a more detailed analysis.
