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Forecasting of Bitcoin by Using ARIMA

  • 2025
  • OriginalPaper
  • Chapter
Published in:
Authors
Priyanka Ghosh
Ashwitha Shetty
K. A. Thanuja
K. Vinodhadevi
Published in
Sustainable Digital Technology and Ethics in an Ever-Changing Environment
Publisher
Springer Nature Switzerland

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Abstract

Presently Cryptocurrency is a very popular investment option for the investors though. Mainly the Gen Z are more interested in investing Crypto because of high return as compared to stock market within short span of time. In this research the researcher has tried to ascertain the future value of Bitcoin for the month of May to October, 2024. The ARIMA model has been applied to forecast the prices of Bitcoin. The ADF test also been conducted to test the stationarity of the data. The model forecast the Bitcoin price of US$ 60,674.06 with upper circuit level of US$ 71,861.680 and Lower circuit level of US$ 49,486.44 for the month of May, 2024. For the month of June, 2024 the forecasted price of Bitcoin will be US$ 62,247.14 along with upper circuit level of US$ 80,127.99 and Lower circuit level of US$ 44,366.29. Furthermore, the forecasted price for the month of July, August, September and October has also been forecasted by using ARIMA model.

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Title
Forecasting of Bitcoin by Using ARIMA
Authors
Priyanka Ghosh
Ashwitha Shetty
K. A. Thanuja
K. Vinodhadevi
Copyright Year
2025
Book
Sustainable Digital Technology and Ethics in an Ever-Changing Environment

Print ISBN: 978-3-031-86711-8

Electronic ISBN: 978-3-031-86712-5

Copyright Year: 2025

DOI
https://doi.org/10.1007/978-3-031-86712-5_18
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