Bitcoin
81902.170
Today
-1.42%
5 Days
-4.56%
1 Month
+5.92%
6 Months
+11.84%
Year to Date
-6.65%
1 Year
-25.65%
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 83,410 is resistance, with 80,978 and 80,320 as targets
Alternative scenario
above 83,410, look for 84,520 and 85,180.
Comment
The downside prevails as long as 83,410 is resistance, with 80,978 and 80,320 as targets
Bitcoin (BTC) remained range-bound above $82,000 on Monday as upcoming US economic data and onchain indicators weigh on market sentiment.
• Bitcoin fell due to macroeconomic headwinds and hawkish Federal Reserve rate expectations. • Spot Bitcoin ETFs saw net outflows and compressed futures premiums amid profit-taking. • Derivatives markets experienced modest long liquidations and increased demand for downside hedging.
Bitcoin (BTC) steadies around $83,600 at the time of writing on Monday, after a 3.1% decline last week. Institutional demand shows weakening signs, with spot Exchange Traded Funds (ETFs) recording $681.10 million in net outflows last week, ending a three-week streak of inflows.
Cryptocurrency prices are broadly consolidating on Monday, with select tokens such as Ethereum (ETH) slowly edging higher above $2,500. Bitcoin (BTC) holds above $84,000 as bulls battle seller congestion, while Ripple (XRP) consolidates around $1.40.
Bitcoin (BTC) takes back $83,500 on Monday after a sharp correction, with the Crypto King slipping below $81,000 the previous week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps, recovering and reclaiming the $2,500 and $1.400 marks after a pullback last week.
Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries.
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