Bitcoin
76495.090
Today
+0.43%
5 Days
-2.32%
1 Month
+21.32%
6 Months
+3.12%
Year to Date
-12.81%
1 Year
-34.48%
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 77,580 is resistance, with 74,713 and 73,950 as targets
Alternative scenario
above 77,580, look for 78,867 and 79,633.
Comment
The downside prevails as long as 77,580 is resistance, with 74,713 and 73,950 as targets
Bitcoin (BTC) holds steady around $76,000 at press time on Thursday, showing near-term strength as the US Federal Reserve (Fed) raised interest rates by 25 bps. Privacy coins, Zcash (ZEC) and Dash (DASH), post double-digit gains over the last 24 hours, emerging as top performers.
Bitcoin (BTC) has slipped below its recent trading range and the True Market Mean at $76,700, but the top crypto has remained relatively resilient despite a failed Clarity Act Senate vote, FOMC rate hike and a broader altcoin sell-off.
Bitcoin (BTC) traded above $76,000 on Wednesday as the Federal Reserve (Fed) raised its benchmark interest rate by 25 basis points, bringing the federal funds target range to 3.75%-4.00%. The unanimous 12-0 decision marked the Fed’s first rate hike since July 2023.
Bitcoin (BTC) holds above support tested at $75,000 on Wednesday as bulls push to regain momentum following a sharp drop from $78,250 the previous day. The Crypto King reflects widespread doldrums in the cryptocurrency market after the United States (US) Senate failed to advance the CLARITY Act.
Cryptocurrency prices are broadly retreating on Wednesday, with Bitcoin (BTC) holding near $75,000. Ethereum (ETH) holds below the support-turned-resistance at $2,400 while remaining structurally resilient.
Bitcoin (BTC) remains under pressure, trading below $76,000 at the time of writing on Wednesday after falling over 3% the previous day and as the CLARITY Act failed to advance in the US Senate. Mixed institutional demand suggests caution amid heightened Middle East tensions.
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