Web bot hit no way $6000 already why a bitcoin price prediction of $10000 is just the start

As we can see from the chart, the model is forecasting the price to hit 10, USD around December 14th, though it hits 2 weeks before that in the real world. Today, I want to use the Prophet algorithm to understand the trend of historical Bitcoin prices. What happened around this period? Though we already know that Bitcoin price hit 10, USD, but we can find when it was going to hit it if things followed the past trend.

In the series of the posts, we have looked at how to get the Bitcoin price data, how to join with Google Trend data to see the correlation between the two measures, how to use Anomaly Detection algorithm to find the anomalies in the price trend, and how to use Prophet Forecasting algorithm to spot unusual trends. As we can see from the chart, the model is forecasting the price to hit 10, USD around December 14th, though it hits 2 weeks before that in the real world. And even then, please use your own judgment if you take any actions. Today, I want to use the Prophet algorithm to understand the trend of historical Bitcoin prices.

In the series of the posts, we have looked at how to get the Bitcoin price data, how to join with Google Trend data to see the correlation between the two measures, how to use Anomaly Detection algorithm to find the anomalies in the price trend, and how to use Prophet Forecasting algorithm to spot unusual trends. Guide to Digital Transformation - Part 2. And this holds true especially when trying to forecast something that is speculative. Prophet algorithm does a pretty good job here as well given that the price movements have been crazy like a roller coaster ride for this year. The first is around the beginning of where the price actually dropped down to zero.

This tells us the two things. But, just like anything else, the nature of forecasting anything in future is not as easy as one would hope. Even without any knowledge or training in time series forecasting techniques, you can produce reasonable results with the default setting in many cases. And obviously, there are two periods that jump into our eyes by looking at the above chart.

But, just like anything else, the nature of forecasting anything in future is not as easy as one would hope. In the series of the posts, we have looked at how to get the Bitcoin price data, how to join with Google Trend data to see the correlation between the two measures, how to use Anomaly Detection algorithm to find the anomalies in the price trend, and how to use Prophet Forecasting algorithm to spot unusual trends. Even without any knowledge or training in time series forecasting techniques, you can produce reasonable results with the default setting in many cases. Also, around this time there were rumors suggesting another split coming.

What happened around this period? Today, I want to use the Prophet algorithm to understand the trend of historical Bitcoin prices. The good news, the Prophet algorithm can still work pretty well with missing values, this means I can simply remove those irregular data. And obviously, there are two periods that jump into our eyes by looking at the above chart. The Prophet is a machine learning algorithm to forecast time series data.