Bitcoin Breakout Could Be Around the Corner as Asset Is No Longer Oversold: Fairlead Strategies’ Katie Stockton

Bitcoin Magazine Bitcoin Breakout Could Be Around the Corner as Asset Is No Longer Oversold: Fairlead Strategies’ Katie Stockton Bitcoin is no longer oversold but there’s still time to buy, according to Fairlead Strategies’ Katie Stockton.  Speaking on Tuesday to CNBC, the financial research firm’s managing partner said that Bitcoin cleared its 200-day moving average back in May, meaning that a potential breakout could be coming.  Bitcoin started rallying last week on news that the Treasury would at least double the size of its liquidity-support buyback operations.

It’s up over 22% over a seven-day period, and was recently trading for $78,915.

The coin traded above $81,000 on Monday.  JUST IN: Fairlead Strategies founder tells CNBC Bitcoin is "not over bought yet, so that's the good thing." "We're looking for more upside from gold…maybe it won't be quite as long lived as what we expect from Bitcoin" pic.twitter.com/lXly8WRO3Y— Bitcoin Magazine (@BitcoinMagazine) August 25, 2026 “It’s not overbought yet, so that’s the good thing,” said Stockton.  “Whenever you see a breakout above a resistance level, it’s always better to have that immediate follow-through to essentially confirm the breakout.”  Bitcoin was trading under $65,000 for most of June and July and experiencing its lowest volatility in its 17-year history.  Its recent rally has some analysts saying that the so-called debasement trade could be...