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BTC has yet to consistently sweep recent lows, Carl Runefelt notes

BTC has yet to consistently sweep recent lows, Carl Runefelt notes
BTC bottom forms after sweeping lows

Carl Runefelt, industry influencer, observes that BTC has not yet formed a market bottom, pointing to the lack of consistent sweeps of the lows.

According to Runefelt, watching for repeated downward movements to lower price levels is a key signal for identifying a potential bottom in BTC’s current cycle.

Runefelt has previously highlighted BTC's $84,000 and $67,000 CME gaps, noting the potential for billions in short and long liquidations if those levels are reached here. He has also identified $18.51 billion in total crypto liquidations, with $5.23 billion from shorts and $13.28 billion from longs, as a recent driver of market volatility here. These observations follow his ongoing focus on price movements and liquidation events in the crypto sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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