This is a scientific study and not a trading recommendation.
Over the past three months, we have published monthly Bitcoin price predictions using on-chain data. Now, for the fourth consecutive month, we are continuing these predictions.
In the last three months, our models have successfully provided accurate forecasts of Bitcoin's price trends. You can find links to our previous predictions below:
https://cryptoquant.com/insights/quicktake/666eac44c5ae876e5efb49a8-N-Beats-VS-WaveNet-Predicting-Bitcoin-prices-for-the-next-30-days-using-two-deep
https://cryptoquant.com/insights/quicktake/66d44492008db53fc0d2bffb-Bitcoin-price-prediction-for-next-month-with-WaveNet-deep-learning-model-and-on-
https://cryptoquant.com/insights/quicktake/67224022127ec65219c52b4c-WaveNet-Model-Prediction-of-Bitcoin-for-November-2024
This time, we repeated Bitcoin price predictions using two deep learning models: N-Beats and WaveNet.
Both models indicate an upward trend for the upcoming month.
According to the WaveNet model, there is a 50% probability that Bitcoin's price will range between $100,000 and $120,000.
The N-Beats model predicts a price of approximately $114,000 for Bitcoin.
According to the WaveNet model, there is a 90% probability that Bitcoin's price will range between $85,000 and $140,000 by the end of this month.
Written by CryptoOnchain
