Bitcoin
82418.890
Today
+0.81%
5 Days
-1.18%
1 Month
+4.24%
6 Months
+11.33%
Year to Date
-6.04%
1 Year
-26.99%
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
Short positions below 82600 with targets at 81300 & 79775 in extension.
Alternative scenario
above 82600 look for further upside with 83280 & 84000 as targets.
Comment
short positions below 82600 with targets at 81300 & 79775 in extension.
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.
Bitcoin's (BTC) most critical level to watch is near $80,000 as September's hot inflation reading pressures the crypto market, according to Glassnode.
• Bitcoin faced downward pressure amid macroeconomic uncertainty and high yields. • Spot Bitcoin ETFs recorded net outflows, signaling reduced institutional accumulation. • Technical indicators show neutral to selling conditions across major metrics.
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