Bitcoin
Today
-0.09%
5 Days
-2.56%
1 Month
-4.53%
6 Months
+4.96%
Year to Date
-8.00%
1 Year
-29.43%
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 81,420 is resistance, with 79,506 and 79,074 as targets
Alternative scenario
above 81,420, look for 82,151 and 82,586.
Comment
The downside prevails as long as 81,420 is resistance, with 79,506 and 79,074 as targets
Bitcoin (BTC) reclaimed $81,000 on Wednesday, extending its recovery as investors wait for the Federal Reserve (Fed) monetary policy decision and upcoming Big Tech earnings.
Bitcoin (BTC) has renewed its advance above $81,000 on Wednesday, lifting sentiment across the cryptocurrency market ahead of the upcoming Federal Reserve’s (Fed) interest rate decision.
• Bitcoin advanced as improved global equity risk appetite boosted digital assets. • U.S. spot Bitcoin ETFs recorded renewed net inflows and institutional accumulation. • Derivatives market stabilization and technical support levels aided price recovery.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their recovery on Wednesday as investors turn their attention to major technology companies' earnings reports. Microsoft and Alphabet are due to report their Q3 earnings on Wednesday, followed by Amazon on Thursday.
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 Technical Analysis
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