Bitcoin
84158.000
Today
+0.60%
5 Days
-1.92%
1 Month
+8.85%
6 Months
+14.93%
Year to Date
-4.06%
1 Year
-23.60%
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 upside prevails as long as 82,631 is support, with 84,581 and 84,910 as targets
Alternative scenario
below 82,631, expect 82,085 and 81,760.
Comment
The upside prevails as long as 82,631 is support, with 84,581 and 84,910 as targets
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.
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally.
Cryptocurrency prices hold broadly stable on Friday, as Bitcoin (BTC) attempts to rise above the reclaimed $82,000 level. Ethereum (ETH) sits above the pivotal $2,500 level while Ripple (XRP) edges up after reclaiming the $1.40 level as support.
• Bitcoin spot demand defended technical support after derivative liquidations cleared excessive leverage. • Concerns over government-linked supply overhang eased as transfers reflected administrative wallet consolidation. • Bitcoin MACD and RSI indicate neutral conditions while Williams %R suggests selling.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Friday after losing over 5%, 9% and 8% so far this week. BTC trades below $82,000, ETH loses $2,500, while XRP retreats toward a key support zone.
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