Bitcoin Dips Below $81K as Crude Surges and Fed Signals Hawkish
Bitcoin fell below $81,000 on Thursday as oil surged and a Fed official signaled more rate hikes are likely.
Katie Stockton of Fairlead Strategies highlights $93,000 as the key level to confirm a new Bitcoin bull market based on technical indicators.
Fairlead Strategies founder Katie Stockton has examined the technical indicators behind Bitcoin's recent rally of more than 50% from its lows. She highlights the break above the 200-day moving average and the 83K–84K resistance zone as important signals. According to her cloud model, $93,000 is the threshold that would confirm a new Bitcoin bull cycle. She also discussed the flag pattern breakout, the monthly stochastic oscillator, and factors that could shift her defensive stance heading into Q4.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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