r/galbo
r/galbo 1 minutes reading from Bitcoin

Bitcoin Price Outlook for the Next 10 Days

Here is my @Cindicator prediction for BTC over the next 10 days. Essentially I used @facebook prophet to construct a time series model. That model when projected out look something like this:

As you can see I am getting a pretty wide forecast window for the next 10 days. I also am making a bet that we won't reach a worst case scenario, and that we will for sure be below 25k

To validate the model I cross validated it running on previous timesteps. When we plot the MAPE of these forecasts we can see that although there are some slight patterns for the most part the mass of the forecasts are quite low

From time to time I will be posting content like this. Let me know if you find it useful!

With 20k Bitcoin that means this forecast is only off by 800 on average

This post is based on this twitter thread.

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