Katie Stockton, the founder of the independent research and investment consultancy company Fairlead Strategies, suggested that Bitcoin (BTC) could not exceed the $ 25,200 level and could retreat to the $ 20 thousand band.
Analyst Katie Stockton, with a 20-year history on Wall Street, recently wrote to clients in a note.short-term possible in Bitcoin trend marked a decline. Functioning as a trend follower MACD Stating that the signal offers sales-oriented data, Stockton emphasized that there may be a deeper retracement in the crypto money market, especially in Bitcoin.
before bitcoin equivalent to $22,567 Stating that it will regress to the 50-day moving average, the analyst then That $20,000 can be revisited suggested.
Bitcoin failed to break above the trading range resistance around $25.2k, causing the daily MACD to drop. Given the MACD ‘sell’ signal and there is room for oversold levels according to the daily stochastics, we are moving into a short-term bearish trend.
Stockton, who made similar statements in the Squawk Box program he participated in CNBC, said that Bitcoin should draw a more positive picture. 25.200 resistor He stressed that he had to be strong. On the other hand, the analyst Nasdaq And S&P500 including cryptocurrencies, the pullback in traditional markets such as negative impact on risk assets thinks it will.
Launched as an important data by Stockton stochastic indicator yet Around 30 points is positioned. When this indicator is below 30, it states that the asset has been sold sufficiently and that a reversal may occur, while positioning above 30 is new to many analysts. a wave of sales means.