Carl Runefelt projects Bitcoin bullish breakout to $136,000
@TheMoonCarl: Runefelt on Bitcoin breakout
Cryptocurrency trader and influencer Carl Runefelt suggests a potential bullish breakout for Bitcoin.
In his recent tweet, Runefelt points to a bullish flag pattern in Bitcoin charts, indicating the possibility of a breakout. He highlights an ''ascending resistance'' and sets a target price of $136,000 for the cryptocurrency. Runefelt also references trading opportunities on the WEEX platform, encouraging traders to capitalize on current trends.
His analysis reflects ongoing market speculation, as traders closely monitor these bullish signals. The cryptocurrency community continues to engage with these insights, looking to factor potential gains into their trading strategies.
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Runefelt's optimistic forecast comes amid broader speculation on digital asset trajectories, particularly as similar technical patterns have been highlighted in assets like HBAR, where he analyzed a potential surge following a resistance breakout. His cautionary perspective on downside risks was also evident when discussing Ethereum's vulnerability to a decline to $2,200 should resistance persist, underscoring the nuanced approach required in today's volatile cryptocurrency landscape.
In the previous news, tweet author Carl Runefelt discussed Bitcoin's recent market trends.
