Bitcoin
Today
-3.91%
5 Days
-9.96%
1 Month
-17.39%
6 Months
-14.88%
Year to Date
-21.77%
1 Year
-32.60%
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 71,593 is resistance, with 69,267 and 68,743 as targets
Alternative scenario
above 71,593, look for 72,480 and 73,008.
Comment
The downside prevails as long as 71,593 is resistance, with 69,267 and 68,743 as targets
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their sell-off on Friday as bearish momentum gathers. BTC breaks below the $70,000 psychological threshold, while ETH loses the $2,000 support level, raising the risk of further losses.
Bitcoin (BTC) and the broader crypto market extended losses on Thursday after Jensen Huang resigned as President and CEO of Nvidia (NVDA). The top crypto fell below $72,000 after the news, while Ethereum (ETH) briefly dropped to $1,990 before recovering to $2,000.
Bitcoin (BTC) corrects near a key support range near $73,000 on Thursday, trading alongside altcoin majors Ethereum (ETH) and Ripple (XRP).
Bitcoin (BTC) remains under pressure, trading below $73,800 on Thursday after correcting over 1.5% so far this week.
Strategy (MSTR) and Bitcoin (BTC) came under fresh pressure late Wednesday after MSCI finalized its decision to remove the Bitcoin treasury company from its global indexes, raising concerns about potential selling pressure on MSTR shares and its future Bitcoin purchases.
Bitcoin's (BTC) market indicators have turned bearish at the same time, raising concerns that the top crypto could face a deeper correction despite historical similarities to previous market bottoms.
Bitcoin Technical Analysis
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