Katie Stockton, founder of Fairlead Strategies, said on a Bitcoin Magazine show that $93,000 is the key price level for Bitcoin to formally confirm a new bull market cycle. In her technical breakdown, Stockton pointed to Bitcoin’s rebound of more than 50% from its recent lows, along with a move above the 200-day moving average and a break through the $83,000-$84,000 resistance zone. She said the cloud model places particular importance on the $93,000 level in determining whether the current advance becomes an official new bull phase. Stockton also discussed a flag pattern breakout and the monthly stochastic oscillator. In addition, she outlined what developments could shift her toward a more defensive stance in the fourth quarter. The program included a disclaimer stating that the views expressed were those of the participants and did not necessarily reflect the official position of BTC Inc., Bitcoin Magazine, or affiliated entities. It also said the content was for informational and educational purposes only and was not investment, legal, tax, or accounting advice. The post first appeared on Bitcoin Magazine and was written by Patrick Green.
Katie Stockton, founder of Fairlead Strategies, said on a Bitcoin Magazine show that $93,000 is the key level for Bitcoin to confirm a new bull market cycle.
Stockton reviewed the technical signals behind Bitcoin’s advance, saying the asset has rallied more than 50% from its recent lows. She also pointed to Bitcoin’s move above its 200-day moving average and its break through the $83,000 to $84,000 resistance zone.
$93,000 highlighted by the cloud model
According to the program summary, Stockton said the cloud model identifies $93,000 as the level where a new Bitcoin bull cycle becomes official.
She also covered a breakout from a flag pattern and the monthly stochastic oscillator, while discussing what could cause her to adopt a defensive stance in the fourth quarter.
Program disclaimer and attribution
The program said the views and opinions expressed were those of the participants and did not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities.
It also said the content was provided for informational and educational purposes only and should not be treated as investment, legal, tax, or accounting advice. Nothing in the show constituted a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers were advised to consult their own advisors before making financial or business decisions.
The post first appeared on Bitcoin Magazine and is written by Patrick Green.
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