Market Pulse: Fairlead Strategies: Bitcoin May Have Found Its Major Low

Across major exchanges, technical research firm Fairlead’s Katie Stockton says bitcoin is flashing a rare long-term oversold signal after its slide toward $60,000, and now argues ether’s chart may have already carved out its own major low too.

Fairlead Strategies founder Katie Stockton says the technical damage bitcoin has taken over the past several months may finally be running its course.

To bolster her case, Stockton pointed to a rare long-term signal where bitcoin has registered a measurable oversold reading on two of Fairlead’s preferred long-term indicators, a combination that has historically preceded major turning points rather than brief bounces.

“We are seeing those signs of long-term downside exhaustion already,” she said, adding that momentum itself is beginning to tick higher on a long-term basis even as price stays under pressure.

Stockton’s process leans on support levels, Fibonacci retracements (a charting tool that maps likely reversal zones based on a prior price swing) and the Ichimoku cloud model to identify where fresh demand is likely to appear.

She added: “Not only is there a long-term oversold condition which is measurable, but then also we have a momentum uptick on a long-term basis.” She also drew a comparison to gold, which recently cleared its own 50-day moving average during a pullback.

Even so, Stockton argued bitcoin “has a better chance of putting in a major low” than gold does right now, framing the current setup as unusually favorable given how deep and prolonged the drawdown has already run.

The call lands during a genuinely uncomfortable stretch for holders given that bitcoin has traded around $63,000 for much of the week, sitting below every major daily moving average (including its 20-day, 50-day and 200-day lines).