Price Prediction of Bitcoin Based on LSTM Model

Abstract

Contemporarily, Long-Short Term Memory Model is becoming a widely applied machine learning models in time series data prediction. This article introduces background of LSTM Models and its concept with an application example to propose some perspectives and expectations on cryptocurrency price prediction (specifically, bitcoin in this paper). According to the results, the prediction results tally well with the real price, indicating the feasibility for the implementation of such a state-of-art machine learning models in cryptocurrency pricing. These results shed light on future development of price prediction based on machine learning for investors.