Bitcoin
83758.540
Today
+0.18%
5 Days
-2.89%
1 Month
+7.22%
6 Months
+25.83%
Year to Date
-4.53%
1 Year
-26.64%
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 85,541 is resistance, with 82,437 and 81,679 as targets
Alternative scenario
above 85,541, look for 86,823 and 87,586.
Comment
The downside prevails as long as 85,541 is resistance, with 82,437 and 81,679 as targets
Bitcoin (BTC) trades lethargically on Wednesday, with bulls battling to defend the immediate $83,000 level as immediate support. Demand extends toward $80,000, which bulls must defend to restore the uptrend toward the September peak above $87,000.
Bitcoin (BTC) consolidates near $83,000 at the time of writing on Wednesday after bulls failed to close above the key $85,000 level earlier this week. The Crypto King's investors remain cautious amid rising US Treasury yields and several key macroeconomic data releases due this week.
Bitcoin's (BTC) bull market remains intact, but the rally is beginning to lose momentum after the top crypto hit an eight-month high of $87,400 last week.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of slowing bullish momentum mid-week after slight pullbacks from their recent highs.
Increased adoption and effective revenue capture in crypto protocols could drive prices over the coming months, according to WisdomTree's Director of Digital Asset Research Dovile Silenskyte.
The cryptocurrency market upholds a neutral-to-bullish bias on Tuesday, with Bitcoin (BTC) edging closer to a breakout above $84,000. Altcoins mirror BTC’s outlook, with Ethereum (ETH) holding above $2,700 and Ripple (XRP) pushing past the reclaimed $1.50 level.
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