Bitcoin
82558.010
Today
-1.30%
5 Days
-3.77%
1 Month
+6.79%
6 Months
+12.76%
Year to Date
-5.88%
1 Year
-25.04%
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 upside prevails as long as 82,631 is support, with 84,581 and 84,910 as targets
Alternative scenario
below 82,631, expect 82,085 and 81,760.
Comment
The upside prevails as long as 82,631 is support, with 84,581 and 84,910 as targets
• Bitcoin fell due to macroeconomic headwinds and hawkish Federal Reserve rate expectations. • Spot Bitcoin ETFs saw net outflows and compressed futures premiums amid profit-taking. • Derivatives markets experienced modest long liquidations and increased demand for downside hedging.
Bitcoin (BTC) steadies around $83,600 at the time of writing on Monday, after a 3.1% decline last week. Institutional demand shows weakening signs, with spot Exchange Traded Funds (ETFs) recording $681.10 million in net outflows last week, ending a three-week streak of inflows.
Cryptocurrency prices are broadly consolidating on Monday, with select tokens such as Ethereum (ETH) slowly edging higher above $2,500. Bitcoin (BTC) holds above $84,000 as bulls battle seller congestion, while Ripple (XRP) consolidates around $1.40.
Bitcoin (BTC) takes back $83,500 on Monday after a sharp correction, with the Crypto King slipping below $81,000 the previous week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps, recovering and reclaiming the $2,500 and $1.400 marks after a pullback last week.
Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries.
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally.
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