Katie Stockton of Fairlead Strategies highlights bitcoin’s recent dip below its 200-day moving average as a short-term technical weakness. However, her analysis suggests this phase is temporary, citing long-term optimism fueled by institutional interest and positive market signals. 200-Day Moving Average Signal: Katie Stockton, a seasoned market technician, points to the dip below the 200-day moving average as a corrective stage with potential for recovery. She projects that Bitcoin may target $134,500 if support holds. Institutional Influence: While major holders selling contributed to the recent drop, no significant new institutional outflows were recorded, emphasizing the resilience of this trend. This suggests short-term market fluctuations without altering the overall positive long-term trajectory. Stockton’s analysis reinforces that Bitcoin’s long-term strength comes from ongoing institutional interest. Long-Term Trends: Historical data shows Bitcoin breaks below its 200-day average often lead to temporary corrections before recovering when technical support holds. These patterns offer a strong indication of Bitcoin’s resilience, even in the face of short-term market fluctuations. Long-term Momentum: Expert insights suggest current market activity aligns with established historical trends, suggesting continued growth fueled by stable institutional investments and past successes.