The Bitcoin (BTC) price data analyzed is from the period of February 11, 2024, to March 9, 2024, as per the provided CSV file ‚BTC_1M_graph_coinmarketcap.csv‘. The analysis covers the closing prices of BTC over this one-month period. Here’s the updated summary with the specific time period mentioned:

The Bitcoin (BTC) price data from February 11, 2024, to March 9, 2024, exhibits an overall upward trend, with some volatility and fluctuations. The statistical analysis for this one-month period reveals the following key metrics:

• Mean Price: $57,614.04
• Median Price: $62,029.85
• Standard Deviation: $6,833.51
• Minimum Price: $49,742.44 (on February 13, 2024)
• Maximum Price: $69,170.63 (on March 5, 2024)
• Price Range: $19,428.19

The mean price of $57,614.04 and the median price of $62,029.85 indicate that the distribution of prices is slightly skewed towards the higher end, with the median being higher than the mean. The standard deviation of $6,833.51 suggests a moderate level of volatility in the prices.

The minimum price of $49,742.44, observed on February 13, 2024, and the maximum price of $69,170.63, recorded on March 5, 2024, highlight the price range of $19,428.19, which is considerable and reflects the volatility in the cryptocurrency market.

The time series analysis, which plots the closing prices over time, shows an overall upward trend in the BTC prices for the given period, with some fluctuations along the way. This trend is further confirmed by the ARIMA (Autoregressive Integrated Moving Average) model, which fits the data reasonably well, capturing the trend and some of the fluctuations in the prices.

Additionally, the linear regression model reveals a positive trend coefficient of 45.77, indicating an upward trend in the BTC prices over the given one-month period.

Forecasting for the next two weeks, from March 10, 2024, to March 23, 2024, using the ARIMA model suggests that the upward trend in BTC prices is likely to continue, although some fluctuations can be expected.

Risk Considerations:

• Please note that these predictions are based on historical data and should not be considered as financial advice. Cryptocurrency investments carry a high level of risk, and investors should conduct their own research and consult with financial advisors before making investment decisions.