Bitcoin
77324.000
Today
+0.09%
5 Days
-5.07%
1 Month
+20.55%
6 Months
+10.18%
Year to Date
-11.86%
1 Year
-31.86%
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 79,214 is resistance, with 76,372 and 75,595 as targets
Alternative scenario
above 79,214, look for 80,523 and 81,302.
Comment
The downside prevails as long as 79,214 is resistance, with 76,372 and 75,595 as targets
Bitcoin (BTC) price trades below $77,000 on Friday, extending its capitulation from the previous week’s high at $82,300.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Friday as the broader cryptocurrency market extends its losses over 4%, 2.5% and 5%, respectively, this week.
Bitcoin's exchange-traded funds (ETF) demand regime has notably shifted, with 30-day net inflows reaching $21.9 billion, according to a Thursday post by CryptoQuant.
Cryptocurrency prices are broadly correcting, led by Bitcoin (BTC), which is trading around $77,000 on Thursday, marking four consecutive days of declines. Meanwhile, Gold (XAU) remains sideways, hovering around $4,365, with upside capped below $4,400.
• Rising U.S. Treasury yields and inflation concerns increased the opportunity cost for Bitcoin. • U.S. spot Bitcoin ETFs experienced net daily outflows amid cautious institutional positioning. • Technical indicators showed neutral momentum while long-term holder distribution remained relatively disciplined.
Bitcoin (BTC) remains under pressure, trading below $78,200 at the time of writing on Thursday after declining nearly 3% so far this week.
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