Bitcoin Has Room To Continue Rally: Fairlead Strategies

Katie Stockton, founder and managing partner of Fairlead Strategies, believes that Bitcoin has room to run. In an interview with CNBC, she noted that while Bitcoin is no longer oversold, it has not yet reached overbought territory.

This 'neutral-to-positive' setup often allows for additional price appreciation before resistance levels come into play. Technical indicators have reset from oversold levels but remain below the thresholds that typically signal a short-term pullback.

The cryptocurrency's momentum indicators are below the thresholds that signal a short-term pullback, according to Stockton. She emphasized that Bitcoin would need to break above its 50-day moving average to confirm a more durable uptrend.