Bitcoin could hit $135,000 in intermediate-term run ahead of corrective phase: Fairlead's Stockton

Market Trends & Analysis - Bitcoin experienced a significant breakout, surpassing $123,000, following a period of consolidation [1][2] - Technical analysis suggests a potential intermediate-term target of around $135,000 for Bitcoin, assuming the prevailing trend continues [3] - Positive action is observed across the cryptocurrency universe, including altcoins [5] Individual Stocks Performance - Stocks closely tracking cryptocurrencies, such as Coinbase and MicroStrategy, are expected to show similar positive action alongside Bitcoin [4] - Coinbase has broken through resistance, indicating a potential long-term uptrend following a cup and handle formation [6] - MicroStrategy, despite its volatility, has maintained a long-term uptrend with higher lows and is experiencing a short-term breakout [7] Risk Considerations - The cryptocurrency market is prone to rapid surges followed by prolonged pauses, which can be frustrating for investors [8]