A Novel Approach for Analyze and Prediction of Bitcoin Price using Machine Learning

Abstract

Bitcoin is a type of Internet currency that is both a digital asset and a payment method. It enables for anonymous payment from one person to another, making it a popular payment mechanism for online illegal activity. Due to its recent price increase, Bitcoin has gotten a lot of attention from the media and the general public. The goal of this research is to discover the Bitcoin price's predictable price direction. Machine learning models are likely to provide us with the information we require to understand the future of cryptocurrency. It won't tell us what will happen in the future, but it might show us the overall trend and direction in which prices are likely to move. The proposed methodology aims to create a machine learning model that uses data to learn about the patterns in the dataset and then uses a machine learning algorithm to forecast the bitcoin price.