<strong>With digital asset markets on the move again, the importance of accurate predictions grows. An</strong><strong> online platform called Bitcoin Forest uses market data and an AI algorithm to produce forecasts for the prices of many cryptocurrencies on a number of global and regional trading platforms. </strong>
Also read: Use the Bitcoin Cash Notary to Back Up Important Documents
Website Provides Short-Term and Long-Term Forecasts
Bitcoin Forest is a simple-to-use website that displays two charts, yearly and daily, with data about the price fluctuations of a particular cryptocurrency on a preferred exchange. The graphs show the actual market movements in red and the trend, long-term and short-term respectively, in blue.
The main platform tracks price changes of BTC against the U.S. dollar. On the left side you can choose a marketplace from a long list that contains major platforms such as Kraken, Gdax, Bithumb, and Bitstamp. Exchanges with regional importance like Mercado Bitcoin, Koinex and Yobit are also included.
Current, short-term and long-term rates are also displayed in USD on the top of screen. Bitcoin Forest not only takes into account market trends but also evaluates the latest crypto news from multiple sources with a colored indicator. The short-term chart contains links to recent publications about cryptocurrencies and related developments.
Bitcoin Forest has a sister platform called Altcoin Forest where users can find more information about dozens of other digital currencies. For example, market data and forecasts are available for BCH against BTC. Charts for BCH and fiat currencies such as the U.S. dollar and the Australian dollar are offered as premium content that costs around 0.016 BCH at the time of writing.
If you need to stay informed about the current prices and market valuations of multiple cryptocurrencies, you can also monitor the Satoshi Pulse market cap aggregator developed by Bitcoin.com.
Have you used platforms like Bitcoin Forest to take decisions about crypto investments? Share your experience in the comments section below.
Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.
Images courtesy of Shutterstock.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
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Lubomir Tassev </h6>
Lubomir Tassev is a journalist from tech-savvy Bulgaria, which sometimes finds itself at the forefront of advances it cannot easily afford. Quoting Hitchens, he says: ”Being a writer is what I am, rather than what I do.“ International politics and economics are two other sources of inspiration.<br></p>