Bitcoin
Today
+0.44%
5 Days
-4.82%
1 Month
-10.76%
6 Months
-8.16%
Year to Date
-15.55%
1 Year
-29.80%
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
The downside prevails as long as 73,939 is resistance, with 71,597 and 71,055 as targets
Alternative scenario
above 73,939, look for 74,855 and 75,401.
Comment
The downside prevails as long as 73,939 is resistance, with 71,597 and 71,055 as targets
Cryptocurrency prices are broadly consolidating near key lower support levels on Wednesday, led by Bitcoin (BTC), hovering around $74,000. Ethereum (ETH), the largest smart contract token, sits above $2,000 while its upside remains structurally capped.
Bitcoin (BTC) remains in a capped tone, trading around $73,800 on Wednesday after slipping to a low of $72,727 following the previous day’s hot US inflation figures.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their losses on Wednesday as hotter-than-expected US Consumer Price Index (CPI) figures weigh on risk appetite.
Bitcoin (BTC) is approaching a leverage level rarely seen in the past two years as the leading cryptocurrency continues to decline, according to a Tuesday report by K33.
Bitcoin (BTC) declines toward $73,000 on Tuesday following October's hotter-than-expected US Consumer Price Index (CPI) report, which triggered renewed concerns about the Federal Reserve's (Fed) interest rate outlook.
Cryptocurrency prices face increasing selling pressure on Tuesday, with Bitcoin (BTC) trading below $75,000, Ethereum (ETH) edging lower toward $2,100, and Ripple (XRP) hovering beneath the immediate $1.10 cap.
Bitcoin Technical Analysis
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