Bitcoin
82314.650
Today
+0.27%
5 Days
+0.63%
1 Month
+8.43%
6 Months
+10.08%
Year to Date
-6.17%
1 Year
-25.85%
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
Long positions above 80830 with targets at 83100 & 84000 in extension.
Alternative scenario
below 80830 look for further downside with 79775 & 79000 as targets.
Comment
long positions above 80830 with targets at 83100 & 84000 in extension.
Crypto markets have remained under pressure so far in October, with Bitcoin (BTC) sliding below $80,000 earlier this week before recovering to around $82,000 on Friday, as macroeconomic headwinds and cooling demand weigh on the market.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) show mixed price action on Friday, with BTC and ETH holding above key support levels while XRP struggles below key resistance.
Bitcoin (BTC) recovered near $82,000 on Thursday after briefly falling below $80,000, paring losses triggered by hotter-than-expected US inflation data.
Cryptocurrency prices remain under intense selling pressure on Thursday, with Bitcoin (BTC) struggling to hold above $81,000 after testing its key demand area near $80,000. Ethereum (ETH) reflects Bitcoin’s weakening technical outlook, edging lower below $2,400.
Bitcoin (BTC) extends losses, slipping below $81,000 on Thursday as hotter-than-expected US inflation data weigh on market sentiment. Institutional demand weakens as BTC spot Exchange-Traded Funds (ETFs) recorded an outflow of over $261 million on Wednesday.
Analyst sentiment on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB and XRP has flipped bullish since July, as the top five cryptocurrencies recovered faster and more strongly than during the 2022-2023 market phase, according to CryptoQuant.
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