Fairlead Strategies founder and managing partner Katie Stockton says Bitcoin should reach $135,000 as an “intermediate-term objective.”

Bitcoin price predictions are coming thick and fast after Monday’s all-time high, and one analyst is tipping Bitcoin to reach $135,000 before a significant market correction.

Before this breakout, there were almost two months of consolidation, which now feels like “ancient history,” Fairlead Strategies founder and managing partner Katie Stockton told CNBC on Monday.

She said that the firm creates “measured move projections” from the breakouts and assuming the previous uptrend continues ahead of any corrective phase:“That puts Bitcoin at around $135,000 as an intermediate-term objective.”

Stockton said stocks that track Bitcoin 

BTC

$117,005

 markets, such as Coinbase or Strategy, are also likely to perform well. “There is positive action across the universe of cryptocurrencies,” she said, citing Ether ETH

$2,987

 and XRP XRP

$2.85

 movements.