Bitcoin
76603.330
Today
+0.63%
5 Days
-2.13%
1 Month
+21.56%
6 Months
+3.32%
Year to Date
-12.64%
1 Year
-34.35%
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 advanced after the Federal Reserve announced a widely anticipated 25-basis-point rate increase. • Institutional demand and short-covering helped Bitcoin decouple from broader declining equity markets. • Technical indicators show a neutral RSI reading alongside a sell signal on Williams %R.
Bitcoin (BTC) is showing resilience, trading up above $76,000 on Thursday. The uptick follows the United States (US) Federal Reserve (Fed) decision that hiked interest rates the day before.
Bitcoin (BTC) extends cautious rebound trading around $76,500 at the time of writing on Thursday after a mild recovery in the previous session. Continued outflows from spot Bitcoin Exchange-Traded Funds (ETFs) highlight cautious institutional positioning so far this week.
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.
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