Bitcoin's (BTC-USD) "parabolic" breakthrough will meet some short-term consolidation in the upcoming weeks, said Katie Stockton, Fairlead Strategies founder and managing partner.

In a CNBC interview, Stockton said she sees a confirmed short-term sell signal for Bitcoin (BTC-USD), based on the Demark indicators -- these measure demand by comparing the maximum prices of the current period with those of previous periods.

“It is the first one in a few weeks,” she said. “That would call for a couple of weeks of consolidation within this very steep uptrend, and I don’t think anybody would be surprised by that.”

Stockton added that the latest resistance in Bitcoin (BTC-USD) was just shy of $65,000. Above that, she said, there is no other resistance, but in a “measured move objective,” which assumes the trend will maintain itself, there could be a breakthrough of $80,000-81,000 over the intermediate term in about two to four months.

Bitcoin (BTC-USD) is up 53.66% year-to-date, although it went down 4.11% since yesterday.