Bitcoin
Today
-2.66%
5 Days
-5.56%
1 Month
-8.21%
6 Months
+1.49%
Year to Date
-12.52%
1 Year
-31.08%
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
Rebound above 76,849 towards 79,301
Alternative scenario
below 76,849, expect 76,149 and 75,732.
Comment
Rebound above 76,849 towards 79,301
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss.
Cryptocurrency prices are on edge on Friday, with Bitcoin (BTC) delicately holding onto a short-term $78,000 support, Ethereum (ETH) edging lower near $2,200 and Ripple (XRP) attempting a recovery above support established at $1.20.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are pointing to a fourth consecutive week of losses since early October, down over 2.5%, 4% and 5% so far this week.
The broader cryptocurrency market is trading in the red on Friday, following news that the Binance wallets were hacked, resulting in the potential theft of $1.45 billion in Bitcoin (BTC) and $875 million in Ethereum (ETH), which could become the biggest crypto hack in history.
• Restrictive macroeconomic conditions and elevated Treasury yields reduced institutional risk appetite for Bitcoin. • Substantial options contract settlements forced spot market delta-hedging, exerting downward price pressure. • Subdued spot demand and a negative Coinbase Premium signaled cautious institutional participation.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) face a pullback on Thursday as the Federal Reserve’s (Fed) hawkish tone following its decision to hold interest rates steady weighs on broader cryptocurrency market sentiment.
Bitcoin Technical Analysis
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