Odaily Planet Daily News: Katie Stockton, founder of the market research company Fairlead Strategies, stated that Bitcoin has shown new short-term momentum after emerging from a consolidation phase. Therefore, there is reason to remain bullish until the end of the year. She believes Bitcoin could approach a price level of $124,000 in the coming months, representing an increase of about 17%. According to data from Fairlead Strategies, the company's technical short-term signals for Bitcoin pointed bullish over the past week, and the medium- to long-term momentum indicators have shifted from neutral to bullish. The daily moving average indicator is also slightly approaching a buy signal. However, Katie Stockton emphasized Bitcoin's initial support level, which is its continuously rising 50-day moving average of $90,261, representing a potential downside of about 15% from the current level. (BusinessInsider)

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