Bitcoin
82484.010\N
Today
+0.85%
5 Days
-2.51%
1 Month
+5.13%
6 Months
+15.68%
Year to Date
-5.96%
1 Year
-32.79%
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 82,064 is support, with 83,372 and 83,696 as targets
Alternative scenario
below 82,064, expect 81,522 and 81,199.
Comment
The upside prevails as long as 82,064 is support, with 83,372 and 83,696 as targets
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.
Bitcoin (BTC) extends its decline below $83,000 on Thursday as heightened selling pressure weighs on the market. Leading altcoins, including Ethereum (ETH) and Ripple (XRP), mirror the sector-wide pullback, with ETH dipping under $2,600 and XRP challenging support at $1.40.
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