Journal of Economics, Entrepreneurship, Management Business and Accounting
Vol 4 No 1 (2026): Volume 4, Issue 1, January 2026

The Evaluation Problem in Cryptocurrency Price Forecasting with Machine Learning and Deep Learning: A Problem-Centric Systematic Review of 48 Studies (2018–2025)

Ansari Saleh Ahmar (Universitas Negeri Makassar, Indonesia)
Abdul Rahman (Universitas Negeri Makassar, Indonesia)



Article Info

Publish Date
25 Jan 2026

Abstract

Purpose – Cryptocurrency price forecasting with machine learning (ML) and deep learning (DL) has produced 48 Scopus-indexed journal articles since 2018, yet the same LSTM architecture applied to Bitcoin daily closing prices yields mean absolute percentage errors ranging from 1.7% to 4.8% across papers in this corpus. This review examines why the literature fails to accumulate knowledge despite growing output and identifies the evaluation practices responsible for that failure. Design/methodology/approach – A PRISMA 2020 compliant search of Scopus retrieved 48 peer-reviewed English-language articles on ML and DL applications to cryptocurrency price prediction published between 2018 and 2025. All articles were retained after dual-reviewer screening (κ = 0.86) and Mixed Methods Appraisal Tool quality appraisal at the ≥10/16 threshold. Structured data extraction covered architecture type, target coin, forecast horizon, evaluation metric, and train/test split specification. Finding/Results – Five evaluation failure modes affect 39 of 48 articles: calendar concealment (47.9%), split inconsistency (37.5%), normalisation silence (33.3%), baseline heterogeneity (25.0%), and single-regime evaluation (100%). CNN-LSTM hybrids outperform standalone LSTM in 9 of 12 studies that test both, yet neither this finding nor the 6× Transformer growth ratio can be verified across studies because evaluation conditions are not shared. Originality/Value – This is the first PRISMA 2020 compliant systematic review of cryptocurrency ML forecasting. It introduces a five-mode evaluation failure taxonomy and proposes a regime-stratified evaluation design prescribing three mandatory calendar-anchored test periods — the 2021 bull run, the 2022 FTX collapse, and the 2024 institutional entry period — as the minimum standard for deployment-relevant performance claims.

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Journal Info

Abbrev

JEEMBA

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Economics, Entreprenurship, Management Business and Accounting (JEEMBA) mencakup bidang ekonomi dan keuangan, manajemen bisnis dan akuntansi khususnya bidang akuntansi, manajemen, pasar modal, hukum bisnis, perpajakan, sistem informasi, serta bidang ekonomi dan keuangan lainnya. JEEMBA ...