Real Vision CEO and former Goldman Sachs executive Raoul Pal is optimistic about the future of Bitcoin (BTC) and other digital assets. According to Pal, increasing global liquidity will soon propel these assets to new heights.
Pal, who has a strong following on the social media platform X, points to a historical relationship between Bitcoin and the global money supply (M2) metric. He suggests that this correlation indicates that Bitcoin is on the verge of a significant breakout.
In a recent post on X, Pal expressed his belief that the tightening of liquidity from a stronger dollar and higher rates in the previous quarter is coming to an end. As financial conditions ease and M2 heads back to new highs, Pal sees this as just a regular correction in the market.
Drawing parallels to a similar price pattern in 2017, when President Donald Trump took office for his first term, Pal predicts that Bitcoin will follow a similar trajectory. Despite a steep correction in 2017, Bitcoin went on to experience a series of rallies, mirroring the current market conditions.
Pal also utilizes technical analysis, specifically a logarithmic regression channel, to forecast Bitcoin’s future trading patterns. This analysis aims to project the approximate highs and lows of an asset’s long-term trend, suggesting that Bitcoin will continue to climb within this channel as the cycle progresses.
Currently trading at $80,703, Bitcoin has seen a 1.4% increase in the last 24 hours. Pal’s insights and analysis provide valuable perspective for investors looking to capitalize on the potential growth of digital assets in the coming months.
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