Fairlead Strategies: Bitcoin May Have Found Its Major Low

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.

“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.”

The read is important since Stockton has previously argued that smaller tokens tend to bottom and top in step with bitcoin, making the two largest assets a useful proxy for reading the broader market’s health. If bitcoin and ether are genuinely both closing out long-term downside exhaustion at the same time, it would mark one of the more significant confirmations technical analysts look for heading into a new cycle, rather than just another short-lived relief bounce.

From the outside looking in, Stockton’s framework is built around long-term signals precisely because they can take weeks or months to resolve into a sustained trend change, and short-term charts can still chop sideways or retest lows even after a long-term signal flips.