Bitcoin could see another couple weeks of stagnation as recent gains are absorbed before resuming its uptrend, according to Fairlead Strategies. The flagship cryptocurrency reached the $100,000 milestone for the first time last week, trading as high as $103,844.05 at one point Thursday, but pulled back shortly after and is now down about 1% since then, according to Coin Metrics. “Short-term momentum is weak,” said Katie Stockton, managing partner at Fairlead Strategies, an independent research firm and investment advisor, in a note Monday. “After failing to hold above $100,000, bitcoin is confirming a short-term counter-trend ‘sell’ signal … [which] supports two more weeks of consolidation.” “Our intermediate-term indicators point…
