Bits + Bips: Bitcoin Is Deeply Oversold. Does That Mean the Bottom Is In?

Katie Stockton, founder of Fairlead Strategies, joins Steve Ehrlich on Bits and Bips to analyze the current crypto market downturn, focusing on Bitcoin and Ether. Stockton uses technical analysis, emphasizing price trends and momentum indicators to navigate market volatility. Bitcoin's uptrend has reversed, with indicators suggesting a bearish reversal and growing downward momentum. While short-term opportunities exist, a long-term oversold condition needs reaction before reasserting Bitcoin positions. Ether's long-term trend favors outperformance against Bitcoin, but both are currently oversold, requiring triggers for downside exhaustion. The conversation also explores altcoins, highlighting the importance of relative strength analysis against Bitcoin for identifying opportunities.