Bitcoin price prediction 30 May 2024: Bitcoin's price for 30 May 2024 according to our analysis should range between $62176.42 to $71536.31 and the average price of BTC should be around $66856.37. Btc price predictions Since cryptocurrency prices are nonlinear and non-stationary, the assumptions on data distributions may have adverse effects on the forecast performance. Non-stationary time-series models exhibit evolving statistical distributions over time, which results in a changing dependency behavior between the input and output variables. Machine learning-based approaches utilize the inherent nonlinear and non-stationary aspects of the data. They can also take advantage of the explanatory features by taking into consideration the underlying factors affecting the predicted variable. There are several research studies on modeling and forecasting the price of BTC using machine learning,
Copyright © 2024 Elsevier B.V., its licensors, and contributors. All rights are reserved, including those for text and data mining, AI training, and similar technologies. For all open access content, the Creative Commons licensing terms apply. Stock-to-Flow Model (PlanB) Bitcoin price prediction on Thursday, May, 30: price 67297 dollars, maximum 72008, minimum 62586. Bitcoin forecast on Friday, May, 31: price 68180 dollars, maximum 72953, minimum 63407. Bitcoin price prediction on Monday, June, 3: price 67389 dollars, maximum 72106, minimum 62672. Bitcoin forecast on Tuesday, June, 4: price 68121 dollars, maximum 72889, minimum 63353.