Price forecasting is a process whereby one predicts a commodity or product price by evaluating various factors like its demand, seasonal trends, other commodities prices like fuel and it offers from numerous suppliers.

In cryptocurrency, information is powerful where volatility is the main force in the market.

Why is price Forecasting needed?

Price Forecasting is valuable to investors or businesses because it gives them the ability to make informed business decisions and develop data driven strategies.

Financial decisions are made based on the current market conditions and they predicts how the future looks. Price Forecasting plays a vital role in the decision making of business because its analysis are useful in improving the efficiency in the decision making process.

Investors in the cryptocurrency world use various qualitative and quantitative techniques to predict future demand for products and take business decisions. Cryptocurrency owners would use price forecasts to make informed decisions.

Method used for price forecasting

The three methods used in price Forecasting (cryptocurrency) Technical
Fundamental
Sentimental

Some traders usually use popular techniques in their trading known as “trend lines” and “moving average”.

Cryptocurrency skyrocketed in 2017 due to several consecutive growth of its market capitalization. It became popular that the prices peaked more than $800 billion in 2018. Cryptocurrency price for eating uses all the trading features like price, volume, open, high, low values present in its dataset.

It is clear to investors of holders that cryptocurrency price predictions should be taken with a utmost care but there are certain factors to look out for that will almost have a bearing on the future price of Bitcoin and the cryptocurrency market.

This include

The level and nature of regulations and laws imposed on a dominating cryptocurrency market.

The level of growth in futures market.

The prices of cryptocurrencies depends on supply and demand of it. For you as a holder, to able to predict cryptocurrency depends on your own research (DYORh related to cryptocurrencies and the blockchain technology. Lastly, you have to bear in mind that you cannot predict the exact prices.

Try to understand the business model of the cryptocurrency project and make sure to read their white paper thoroughly. .

4). Take any Crypto Asset Chart graph and explain how to do Price Forecasting?

I cannot give a forecast for such a long time frame. The markets are flexible and fluctuate. Ethereum price prediction on Friday, April 23 To be honest, I stare at the chart of ETH/BTC and I see an enormous rounded bottom with potentially huge breakout just above.

Ethereum is steadily rising and maintains it. Instead of selling the bitcoin, I borrow against it and used the funds for ether. So in other words you are 100% convicted that ETH 2.0 will be pulled off flawlessly and that another market crash won’t send ETH crashing 95% vs BTC’s 85%? Selling 100% of an asset seems insane if you are in fact “a massive bull” on it. According to analysts, it is estimated that Ethereum will never reach the prices near $1000 even Bitcoin peaks at $50,000 per BTC Because there is little demand for ethereum.

NB: This is not a financial advice. This is my own perceptive. Using Bitcoin as my guide, I think cryptos should be seeing their final bull market surges in coming months with huge gains ahead. The cryptocurrency market is growing at a rapid pace, making it difficult to forecast the future.

Not forgetting, as I said ealier, it’s super tough to forecast an end of year price because of the tokenomics. I still think it has a decent way to go looking at it’s current Mcap though. These sorts of coins are high risk, high reward. Have to see where it ends up.

It is not too late for you to own cryptocurrency.

Here's some tips:
Google how you can buy let’s use for instance $BNB in your country. You can buy $BNB from any exchange platform that offers it and have access.

Then check the rate of $BNB rise and dip. Buy and HOLD, don't panic sell. Then, depending on how much you have jnevsted, let's say BNB hits $1. It's up to you whether you want to sell and collect on your investment ($1 per BNB you own) or consider this a long term investment and hold it.

But fair warning: many people predict a HUGE dip when BNB reached $1.
I believe that at $1, folks will sell, and BNB will drop to 20-30 cents, at the most 50 cents.

Then, BNB was stabilize and slowly but surely head to $1 as a long term stable crypto currency. Again, my prediction. I'm no expert, this is from my research.

This could give the appearance of a top, but it won’t be. We will see a lot of red, but it’ll be in the form of rebalancing.

Remember, this is a game of musical chairs.

@stream4u