#bitcoin
‘Almost Over’
Macro Expert Raoul Pal Hints Bitcoin Will Rise Soon Amid Rising Global Liquidity
Former Goldman Sachs executive Raoul Pal believes it’s time for Bitcoin ( BTC ) to ignite the next phase of its uptrend.
Pal tells his 1.1 million followers on social media platform X that Bitcoin tends to follow the global liquidity cycle, but with a 10-week lag.
Pal thinks BTC rallies are imminent, while Julien Bittel, head of macro research at Global Macro Investor (GMI), believes Bitcoin is 12 weeks behind the global M2 metric. Bitcoin is likely to form a local bottom this week before “rising again,” he said.
The expert predicts that Bitcoin will reach a market cycle peak of at least $210,000, but also notes that BTC climbing to $412,000 or $805,000 is also possible.
