Paper Key : IRJ************025
Author: Yannaru Paradesi
Date Published: 07 Nov 2022
Abstract
The goal of this paper is to ascertain with what accuracy the direction of Bitcoin price in USD can be predicted. The price data is sourced from the Bitcoin Price Index. The task is achieved with varying degrees of success through the implementation of a Bayesian optimized recurrent neural network (RNN) and a Long Short Term Memory (LSTM) network. The LSTM achieves the highest classification accuracy. The popular ARIMA model for time series forecasting is implemented as a comparison to the deep learning models. As expected, the non-linear deep learning methods outperform the ARIMA forecast which performs poorly. Finally, both deep learning models are benchmarked on both a GPU and a CPU with the training time on the GPU outperforming the CPU implementation by 67.7%.
DOI LINK : 10.56726/IRJMETS30998 https://www.doi.org/10.56726/IRJMETS30998