FORECASTING CRYPTOCURRENCY PRICE MOVEMENT USING MOVING AVERAGE METHOD : A CASE STUDY OF BITCOIN CASH

Abstract

The aim of this study is to develop forecasting cryptocurrency price movement using moving average. The cryptocurreny that selected in this study is Bitcoin Cash. The observation periods involved in this study are starting from 1st October 2019 until 20th December 2019.The price of Bitcoin Cash are collected from https://www.coindesk.com. The moving average forecasting method implemented using 2-days, 3- days, 4-days and 7-days calculation. The value of mean absolute error percentage for 2-days moving average forecasting method is 3.1 %. The significant of this study is it can help investors to determine the price movement of cryptocurrency in selecting best option for investment portfolio.