Bitcoin
Today
-1.64%
5 Days
-4.37%
1 Month
-8.94%
6 Months
-6.97%
Year to Date
-15.09%
1 Year
-27.11%
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 76,224 is resistance, with 73,442 and 72,987 as targets
Alternative scenario
above 76,224, look for 77,002 and 77,465.
Comment
The downside prevails as long as 76,224 is resistance, with 73,442 and 72,987 as targets
Bitcoin (BTC) remains under pressure on Monday, trading below the 50-week Simple Moving Average (SMA) at $75,222 after extending its losing streak to five consecutive weeks.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) bears remain in control, with the top three cryptocurrencies correcting over 4%, 6% and 10%, respectively, last week and marking their fifth consecutive weeks of losses.
Cryptocurrency prices are broadly correcting on Friday, with Bitcoin (BTC) sitting below $76,000. Ethereum (ETH) edges lower near the psychological $2,200 demand area, as bears tighten their grip. Ripple (XRP) paints a similar grim picture, falling below $1.20.
Crypto regulation in the United States could take a new direction following Democrats' sweeping victory in the November 3 US midterm elections. The party is reportedly preparing to revisit crypto market structure proposals that failed to gain support during Republican-led negotiations.
The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) face renewed selling pressure in the second half of this week amid concerns that Democrats' control of both chambers of the US Congress could lead to tighter crypto and Artificial Intelligence (AI) regulations.
Bitcoin Technical Analysis
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