Bitcoin may be rangebound beyond next couple of months - Fairlead Strategies

Bitcoin (BTC-USD) may be rangebound as far as its price is concerned beyond the next couple of months, according to Katie Stockton, founder and managing partner of Fairlead Strategies. "We've seen a very meaningful loss of long-term upside momentum," Stockton said earlier in an interview on CNBC. "And that tells us that perhaps beyond the next few weeks or couple months for Bitcoin that maybe it's rangebound, rangebound with a whole lot of volatility from a short term perspective." "As long as that 40,000 level is intact as support the breakout from March for Bitcoin, which targeted about 51,000 is still very much intact," Stockton added. "So we still have our eyes on that resistance level as an objective for Bitcoin and we are actually constructive short and intermediate term." Stockton doesn't see an issue that Bitcoin briefly went below 40,000 on Monday, though she doesn't want to see a