Rocket ICO Giving you a better way to make your decisions and enjoy the process of ICO backing

  • Lydian ICO
  • Markets
Latest News
  • 60% of institutional investors bullish on Ethereum in 2023   |   27 Jan 2023

  • FTM price up 52% in 7 days   |   27 Jan 2023

  • Coinbase fined for operating in the Netherlands: here’s why   |   27 Jan 2023

  • DeFi protocol Aave to deploy V3 upgrade on Ethereum   |   26 Jan 2023

  • Coinbase fined €3.3M by the Dutch central bank   |   26 Jan 2023

  • Aptos rallies 400% to hit all-time high: What next for APT?   |   26 Jan 2023

 
Home» Markets»Katie Stockton says Bitcoin may not see a major relief rally

Katie Stockton says Bitcoin may not see a major relief rally

rocketman 20 Jul 2022 Markets Comments Off on Katie Stockton says Bitcoin may not see a major relief rally 97 Views

Bitcoin (BTC), which has a price of $24,287, has seen its price rise by as much as 8 percent in just 24 hours. This is the highest price it has been in over a year.

The upside was that a wider market rally saw most cryptocurrencies post significant losses to erase them. Ethereum (ETH) saw the greatest gains with more than 50% gains in just over a week.

BTC/USD daily chart showing Bitcoin’s jump to $24,287 on Coinbase. Source: TradingView

Analysts believe that the rally will fade at current levels

BTC lost some gains and trades at $23,500 currently. But is it possible for BTC to continue trading and achieve a significant breakout?

Katie Stockton, co-founder Fairlead Strategies founder, told CNBC’s ‘Squawk Box’ in an interview that while the world’s largest cryptocurrency had seen as strong rally over the past few days, this looked more like  sharp bear market rally than one likely to sustain into a major relief rally.

“If you do look at past bear market cycles, we’ve seen some massive relief rallies,” she noted, highlighting the +20% gains seen in some assets. However, she feels that despite the surge, indications are that this isn’t going to evolve into a “major relief rally.”

Stockton said the overall market’s outlook remains vulnerable to a downside, noting the market is “challenged” amid an oversold volatility reading and overbought mega cap (stocks) ahead of earnings reports.

The analyst believes that the upside currently seen is less likely to fade at levels so far. Potential signals for a sustained uptrend include a breakout above $25k or an improvement in momentum gauges.

Bitcoin Katie Major rally relief Stockton 2022-07-20
Tags Bitcoin Katie Major rally relief Stockton
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : rocketman
Previous Article :

Southeast Asian crypto exchange Zipmex halts withdrawals

Next Article :

Multi-chain NFT platform WEYU partners with Zilliqa

Related Articles

60% of institutional investors bullish on Ethereum in 2023

60% of institutional investors bullish on Ethereum in 2023

rocketman 27 Jan 2023
FTM price up 52% in 7 days

FTM price up 52% in 7 days

rocketman 27 Jan 2023
Coinbase fined for operating in the Netherlands: here’s why

Coinbase fined for operating in the Netherlands: here’s why

rocketman 27 Jan 2023

ABOUT ME

lourari bra

lourari bra

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus pulvinar eros id diam gravida, id pharetra ligula cursus. Sed dapibus lectus augue, non volutpat lorem porttitor vel.

Popular Posts

60% of institutional investors bullish on Ethereum in 2023
Markets

60% of institutional investors bullish on Ethereum in 2023

rocketman 27 Jan 2023
Bitcoin Profit Review 2021: Is It a Scam Or Legit?
Reviews

Bitcoin Profit Review 2021: Is It a Scam Or Legit?

rocketman 22 Jul 2021
Yuan Pay Group review 2021 – Is it a Scam or Legit?
Reviews

Yuan Pay Group review 2021 – Is it a Scam or Legit?

rocketman 26 Jul 2021
Immediate Bitcoin Review: Does it work?
Reviews

Immediate Bitcoin Review: Does it work?

rocketman 27 Jul 2021
Bitcoin Era Review: Is this a scam?
Reviews

Bitcoin Era Review: Is this a scam?

rocketman 27 Jul 2021

Advertisement

Recent Posts

  • 60% of institutional investors bullish on Ethereum in 2023

    60% of institutional investors bullish on Ethereum in 2023

    rocketman 27 Jan 2023
  • FTM price up 52% in 7 days

    FTM price up 52% in 7 days

    rocketman 27 Jan 2023
  • Coinbase fined for operating in the Netherlands: here’s why

    Coinbase fined for operating in the Netherlands: here’s why

    rocketman 27 Jan 2023
  • DeFi protocol Aave to deploy V3 upgrade on Ethereum

    DeFi protocol Aave to deploy V3 upgrade on Ethereum

    rocketman 26 Jan 2023
  • Coinbase fined €3.3M by the Dutch central bank

    Coinbase fined €3.3M by the Dutch central bank

    rocketman 26 Jan 2023

htmagazine
About HTmagazine was created in 2015 , and covers the intersection of Technology, Lifestyle, Business, Entertainment, and Culture.

Follow us

Newslater

Those an equal point no years do. Depend warmth fat but her but played. Shy and subjects wondered

Random Posts

60% of institutional investors bullish on Ethereum in 2023

60% of institutional investors bullish on Ethereum in 2023

FTM price up 52% in 7 days

FTM price up 52% in 7 days

Coinbase fined for operating in the Netherlands: here’s why

Coinbase fined for operating in the Netherlands: here’s why

DeFi protocol Aave to deploy V3 upgrade on Ethereum

DeFi protocol Aave to deploy V3 upgrade on Ethereum

Coinbase fined €3.3M by the Dutch central bank

Coinbase fined €3.3M by the Dutch central bank

Tags

Binance Bitcoin BTC buy CEO crypto cryptos heres launches market places price today token top
© Copyright 2021, All Rights Reserved