**5. Experimental Analysis**

Real datasets of the Bitcoin market in three different timeframes were used in this paper across two different time periods, Experiment A, t1 = [04-01-2009, 22-11-2016], and Experiment B, [01-01-2011, 01-08-2020]. For Experiment B, the data were normalized using the logarithm of each return variable. Both the VAR and BVAR models were applied and tested on these datasets to forecast the Bitcoin market price. The forecasting results were analyzed to evaluate the performance of our models.
