Forecasting Of Bitcoin Price Using The Multilayer Perceptron Technique

Authors : Furkan ATLAN, İhsan PENÇE

Pages : 68-74

View : 52 | Download : 18

Publication Date : 2021-08-31

Article Type : Research Paper

Abstract :Cryptocurrencies, whose popularity is increasing day by day today, affect the real economy, financial sector and daily life of countries due to the increase in demand and technological developments. In this study, it is aimed to estimate the value of Bitcoin insert ignore into journalissuearticles values(BTC);, which has the most popular and dominant effect among cryptocurrencies, in Turkish Lira insert ignore into journalissuearticles values(TL); by using the United States Dollar insert ignore into journalissuearticles values(USD); / insert ignore into journalissuearticles values(TL); rate and date attributes and with the model to be created, present a generalized forecast model for other cryptocurrencies. The data feature used in the study covers the date range of 08.12.2016 and 08.12.2018. The multilayer perceptron techniqueis used for BTC/TL price estimation. As a result of the cross-validation test, estimation results of the multilayer perceptron technique are found to be successful and important. With the successfully developed model, it is possible to estimate price for BTC, Ethereum and Ripple with instant data in the future.
Keywords : Cryptocurrency, Artificial Intelligence, Multilayer Perceptron, Price Estimation

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