Predicting the Price of Bit Coin using Machine Learning

Abstract: The price of cryptocurrencies, particularly Bitcoins, has increased significantly in recent years, reaching a high of $19,783 USD in 2017 and a more recent high of about $4,000 USD. $40,001 USD in January 2021. Due to the extremely volatile Having a propensity towards manipulation, there have discussions on whether it is worthwhile to invest in the bitcoin market. This undertaking is what we aim to accurately forecast changes in the price of bitcoin creating investment strategies that can be traded on Binance utilising convolutional and recurrent neural networks superior to the standard strategy of holding inactively assets. The inputs to our algorithms are at the nanoscale level. the volume traded, the high, low, open, and close prices, all displayed as exchange rates in US dollars. The quantity of Bitcoin exchanged on the Binance platform an open market. Our system will then forecast the direction. putting the new understanding of Bitcoin price turbulence to use in the next minute algorithms.

Keywords: Cryptocurrency, Bitcoin, Recurrent neural network, Long short term memory.