Bitcoin
Today
+0.09%
5 Days
-0.72%
1 Month
-5.36%
6 Months
+1.71%
Year to Date
-8.59%
1 Year
-24.91%
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 79,762 is support, with 81,653 and 82,147 as targets
Alternative scenario
below 79,762, expect 78,935 and 78,443.
Comment
The upside prevails as long as 79,762 is support, with 81,653 and 82,147 as targets
Ripple (XRP) edges higher near $1.30 on Wednesday, building on a broader crypto market recovery wave. The uptick comes amid the United States (US) midterm elections, in which the Democratic Party has clinched victory in the Senate and is on track to gain control of Congress.
Bitcoin (BTC) trades above $78,000 on Wednesday as risk-on sentiment improves in the broader cryptocurrency market. Ethereum (ETH) mirrors BTC’s recovery outlook, hovering above $2,300. Ripple (XRP) similarly exchanges hands above $1.28, marking two consecutive days of gains.
Bitcoin (BTC) hovers between key 100-day and 200-day Exponential Moving Averages (EMAs) on Wednesday. BTC's price action suggests a consolidation phase, with a breakout in either direction likely to determine its next directional bias.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Wednesday as bearish momentum continues to weigh on prices. BTC approaches key support around $76,466, and a decisive close below could open the door to deeper losses.
Bitcoin (BTC) is down nearly 2% on Wednesday, trading below $76,000, and testing the 200-day Exponential Moving Average (EMA) baseline near $76,501. Bitcoin’s pullback aligns with the weakness in the US Dollar (DXY), which typically provides tailwinds for risk-sensitive assets.
Bitcoin (BTC) could remain trapped between $77,000 and $80,000 in the near term, with rallies toward $81,300 likely to face selling pressure as spot demand remains weak, according to crypto exchange Bitfinex.
Bitcoin Technical Analysis
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