• Katie Stockton predicted that the price of Bitcoin would also decline.
• She expressed her "neutral" view on CNBC "Squawk Box".
• Since the beginning of 2023, Bitcoin has risen by about 40%.

Bitcoin has now exceeded the important level of 23000 US dollars, but Katie Stockton of Fairlead Strategies still proposes to be cautious, because the recent increase is likely to be very easy to reverse.

Stockton defended his position in CNBC

So far, the first decentralized digital currency has risen by about 40% - she said that this advantage provides investors with exit opportunities.

Stockton strictly implemented her "neutral" position against Bitcoin in CNBC's "Squawk Box" program this week:

When they suddenly saw such a strong and steep rebound, they had more characteristics of taking advantage of the situation to move. BTC rose for 14 days this month. Therefore, people also expressed doubts about sustainability and regarded it as a counter-development trend.

Because of the announcement of the Federal Reserve, the coming week is crucial for the special currency. The current stage of CME FedWatch special tools shows that the probability of this increase of 25 percentage points is more than 98%.

Bitcoin breaks through 200 days MA

Also on Sunday, Peter Brandt, a top trader and investment analyst, warned that BTC would be adjusted recently. Others, including Michael van de Poppe and Credible Crypto, have similar views.

Interestingly, the current trading volume of Bitcoin is significantly higher than the 200-day moving average system. Even so, Katie Stockton said:

This has happened before. In fact, this is an incorrect breakthrough. Therefore, you can't believe that I have made a breakthrough here. But this is a subjective factor that is gradual. I hope this is reflected in your long-term indicators, which are still much lower.

She is not particularly global about the Standard&Poor's benchmark index, which rose more than 6.0% in the year when she wrote the report.