Bitcoin may be approaching a potential breakout after moving out of oversold territory, according to Katie Stockton, managing partner at financial research firm Fairlead Strategies. Speaking to CNBC on Tuesday, Stockton said the cryptocurrency had cleared its 200-day moving average in May, a technical development that could point to further market strength. She also indicated that investors may still have time to buy Bitcoin. The asset began rallying last week, although the supplied report does not provide a price, identify the specific catalyst, or offer a breakout target. Stockton’s comments focus on Bitcoin’s technical position rather than a confirmed move. Bitcoin Magazine reported her remarks in an article published on August 25, 2026. Bitcoin is the primary asset covered in the report; no specific technical or market claim was provided for ORDI or ASSET.
Bitcoin Breakout Could Be Around the Corner as Asset Is No Longer Oversold: Fairlead Strategies’ Katie Stockton
Fairlead Strategies’ Katie Stockton said Bitcoin is no longer oversold and noted that it cleared its 200-day moving average in May, suggesting a potential breakout may be approaching.
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