Bitcoin's next major rally is at least 7 months away, and it'll likely fall below $14,000 before that, Fairlead's Katie Stockton says

Dec 20 2022 by Business Insider

 
Bitcoin tumbled to well below $20,000 over the weekend, before rebounding somewhat on Monday.

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Bitcoin is at least seven months away from hitting a "major low" and staging a counter-trend rally, according to Fairlead Strategies.Fairlead expects bitcoin to make a lower low near the $13,900 level, which represents potential downside of 18% from current levels."Short-term momentum has shifted negative, which supports a bearish near-term bias," Fairlead's Katie Stockton...
Continue Reading Bitcoin's next major rally is at least 7 months away, and it'll likely fall below $14,000 before that, Fairlead's Katie Stockton says