Bitcoin
Today
+0.21%
5 Days
-1.29%
1 Month
-3.65%
6 Months
+3.61%
Year to Date
-7.72%
1 Year
-28.50%
TradingKey Timing Strategy - Bitcoin
TK Alpha generates a daily timing score ranging from -100 to +100 and maps it to long, flat, short, or leveraged positions. The score reflects both the strategy’s directional view and the strength of its target exposure.
Alpha Gauge
The TK Alpha Gauge is a proprietary, comprehensive daily updated indicator developed by Tradingkey that reflects our outlook on specific financial instruments. Utilizing a long-proven AI framework, the index analyzes hundreds of proprietary price-volume, fundamental, and alternative data predictors. Values range from -100 to 100. Negative values signify a bearish (pessimistic) outlook, while positive values indicate a bullish (optimistic) stance. The further the value from zero, the stronger the quantitative signal. It provides quantitative insight into directional forecasts.
Strategy Data
Historical Return
Bitcoin Trading Strategy
Trading Strategy
Rebound above 79,290 towards 81,496
Alternative scenario
below 79,290, expect 78,567 and 78,137.
Comment
Rebound above 79,290 towards 81,496
Bitcoin’s (BTC) correlation to equity market selloff is increasing as inflation concerns and leverage in technology stocks threaten to amplify losses across risk assets, according to Wintermute.
Cryptocurrency prices are broadly correcting on Tuesday, led by Bitcoin (BTC) edging lower below the pivotal $80,000 level. Ethereum (ETH) mirrors Bitcoin’s neutral-to-bearish outlook, while Ripple (XRP) hovers around $1.30.
Bitcoin (BTC) trades below $80,000 at the time of writing on Tuesday, after failing to close above key resistance zone the previous day.
Bitcoin (BTC) is testing key support levels after falling to $79,250 over the weekend, with persistent selling pressure and uncertainty over the Federal Reserve’s (Fed) interest rate decision likely to prolong the top crypto's decline, according to Bitfinex analysts.
Bitcoin (BTC) hovers around $80,500 at the time of writing on Monday, after extending its correction for three consecutive weeks.
Cryptocurrency prices are broadly correcting on Monday, led by Bitcoin’s (BTC) five-day sell-off. The Crypto King hovers around $80,000 amid a structurally capped upside.
Bitcoin Technical Analysis
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