I've watched a lot of YouTube videos and read a lot of articles that claim that you can predict the Bitcoin price with Machine Learning and artificial intelligence like using some algorithm. Truth be told it is both intriguing and almost at the same time confusing. Personally, I don't think any ML or AI tech can make any price prediction now because we have a lot of whale manipulation (because the market size is smaller than any other market). Well, while I may be wrong I would like to know what you think. Have you ever gotten a satoshi richer by following the prediction of an algorithm?
I agree that it's impossible to predict the price movements, but not due to whale manipulations. Who could've thought in February 2020, when the price was sitting comfortably at around $9k, that it will drop to $5k in the middle of next month due to the WHO announcing the pandemic? No machine learning could have taken into account this event from the world of medicine to predict the drop of the price because there are too many factors if we consider things like it. Bitcoin's price depends heavily on what's going on in the world. Not directly, of course, but due to all sorts of articles that appear online when this or that country introduces a restrictive bill, Musk tweets something positive or negative or something like a once-in-a-century pandemic hits the world.