Bitcoin
Today
-0.35%
5 Days
-3.66%
1 Month
-11.44%
6 Months
-6.90%
Year to Date
-13.42%
1 Year
-26.68%
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 74,493 towards 77,299
Alternative scenario
below 74,493, expect 73,720 and 73,260.
Comment
Rebound above 74,493 towards 77,299
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 (BTC) and the wider crypto market fell on Thursday as US markets opened. Losses in AI-related stocks pushed the NASDAQ Composite (IXIC) down as much as 5% amid concerns that Democrats' control of both chambers of the US Congress could lead to tighter crypto and AI regulations.
Bitcoin (BTC) extends its rebound, climbing above $80,500 on Thursday after closing above the key Exponential Moving Averages (EMAs) the previous day. The rebound comes as a short squeeze triggers nearly $800 million in liquidations over the past 24 hours.
Bitcoin Technical Analysis
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