CoinSpeech team collected the most important takeaways from Carl Runefelt’s recent appearance. You can find Carl Runefelt’s new video below.
Is Bitcoin Heading Lower?
“Bitcoin could right now fall all the way down to this blue line,” Carl Runefelt warns, addressing the current market conditions. He emphasizes the importance of monitoring Bitcoin’s support levels to gauge the potential market movements. The possibility of Bitcoin breaking its support could lead to significant price drops.
Strategic Positions in the Market
Carl shares his current trading plans: “I do have a stop loss which is going to get triggered at $59,698 per Bitcoin here, um, and I might even close it even earlier.” He reveals his intention to short Bitcoin across two platforms, Bybit and Bitflex, if the downward trend materializes. His analysis leads him to target a lower price range around $48,000, noting, “Mass massive massive uh previous significance on that level.”
Opportunities in Shorting Bitcoin
Carl Runefelt believes that the potential to short Bitcoin offers lucrative opportunities: “The short position is going to be a very very lucrative thing if that actually plays out.” Additionally, Carl highlights that Bybit and Bitflex are providing exceptional sign-up bonuses, presenting a financial incentive for new traders on these platforms.
Anticipating the Next Bull Market
Despite the short-term bearish outlook, Carl remains optimistic about Bitcoin’s future. He predicts: “We go probably towards the moon because the halving has happened, inflation is going up and the ETF is out.” He advises accumulating Bitcoin at lower prices, suggesting that it could lead to significant gains in the next bull market.
Community and Inspiration
Expressing his enthusiasm, Carl shares that many of his followers have become millionaires in past bull markets. “People come up to me on the street saying that they became millionaires. That makes me so happy,” he recounts. Carl encourages his audience to prepare for the upcoming market shifts and to seize this opportunity to accumulate wealth.
“Don’t short unless we break the support right now we are still above support so it is still possible we go up here,” Carl advises, emphasizing caution and strategic planning in navigating the volatile crypto market.