Bitcoin: Breakdown or Shakeout?

Published on
November 26th, 2019
8 minutes

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Bitcoin: Breakdown or Shakeout?

Trade Ideas ·
Featuring Katie Stockton

Published on: November 26th, 2019 • Duration: 8 minutes

Katie Stockton, founder and managing partner at Fairlead Strategies LLC., sits down with Real Vision's Justine Underhill to make sense of the technical signals emanating from the bitcoin market. Stockton sees the next few weeks as a turning point for the cryptocurrency. Either it will continue to plunge well below its 200-day moving average, or it will reach an oversold condition. In the long-run, Stockton is bullish on bitcoin, but over the next month, she expects it to test a lower support level. Filmed in New York on November 25, 2019 in New York.