Predicting Bitcoin’s Price With Recurrent Neural Networks

Who hasn’t heard about the most famous digital money in the world, the cryptocurrency of decade? That’s right, I am talking about Bitcoin. Everyone is talking about Bitcoin and what will happen to its record high price, including famous financial brands such as JPMorgan and Morgan Stanley. This year, Bitcoin reported its all-time high price of $61,556.59 in March of 2021, according to the CoinDesk 20. The biggest question is, of course, what will happen to the price of this magic money. This is a question that no one has a certain answer to because predicting the exact price of Bitcoin, or in fact, any other financial instrument, is nearly impossible. However, what we can do is to use Data Science techniques to predict the Bitcoin price with high precision and that’s exactly what we are going to do in this article. We will built a Deep Learning model that will use Bitcoin’s historical data to predict its price.

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