11.06.2025
Mirjan Hipolito
Cryptocurrency and stock expert
11.06.2025

Carl Runefelt analyzes Bitcoin triangle pattern potential pricing

Carl Runefelt analyzes Bitcoin triangle pattern potential pricing @TheMoonCarl: Carl Runefelt’s Bitcoin analysis

Prominent cryptocurrency trader Carl Runefelt highlights Bitcoin's potential price movement through his analysis of a technical pattern.

Runefelt notes that Bitcoin is currently forming an '''ascending triangle''' on the hourly timeframe, typically a bullish pattern suggesting potential upward movement. The corresponding targets for this pattern, according to Runefelt, stand at a bullish target of $112,800 and a bearish target of $107,800.

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With volatility a constant feature of the cryptocurrency market, traders and investors should remain aware of market movements and technical indicators that may impact pricing.

Runefelt's assessment of Bitcoin's current technical structure follows a pattern of close scrutiny across leading digital assets. His recent commentary on a possible Ethereum downturn underscored the significance of support levels in shaping price direction. In a related analysis, his outlook on a likely HBAR breakout above resistance highlighted the broader impact of technical setups on cryptocurrency trading strategies.

In the previous news, tweet author Carl Runefelt discussed potential trading insights and predictions.

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