MCMC Bitcoin Price Forecast

MCMC Bitcoin Price Forecast

By ratmrocks72 | CryptoPyramid | 4 May 2020


Markov Chain Monte Carlo (MCMC) simulations have previously been applied to predict the price of Bitcoin. Software for running the simulations can be found here . It relies on historical price data and can be used to generate predictions at an interval equal to the input data. I usually go as far back as I can on daily historical csv data from Yahoo finance

I have generated output forecasts for weeks and months in advance. I currently have a 2020 forecast that was generated in September 2019 and performed well until February 2020. I also made a 10 year forecast in November and it is still going strong. The software can reveal chart patterns before they happen so it is nice to have as a reference for trading.

If you plan on using it for trading, please study it carefully and remember to only invest what you can afford to lose. 

Or play it safe and learn how to earn crypto for free at www.cryptopyramid.wordpress.com

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