Bitcoin (BTC) is on the cusp of a monumental breakout, according to macro guru Raoul Pal. The Real Vision CEO, who boasts over one million followers on social media platform X, suggests that the leading cryptocurrency could skyrocket to $90,000 by November. This bold prediction hinges on a key catalyst: rising global liquidity.
Pal’s insights are grounded in a compelling analysis of Bitcoin’s correlation with global liquidity trends. His recent chart illustrates a strong relationship between increasing global liquidity and Bitcoin’s price movements. The data reveals that as global liquidity surges, Bitcoin tends to follow suit, setting the stage for a potential surge in its value.
The catalyst driving Bitcoin’s expected breakout is the expanding global money supply (M2). Pal points to historical data indicating that Bitcoin’s performance is closely tied to shifts in the M2 metric. As the global money supply grows, so does Bitcoin’s potential for explosive gains. With Bitcoin currently trading at $60,219—a 3% increase in the last 24 hours—Pal’s prediction suggests that significant upside is on the horizon.
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Adding weight to this bullish outlook, Real Vision macro expert Julien Bittel highlights that current macroeconomic conditions are injecting more liquidity into the markets. This influx of liquidity is typically favorable for risk-on assets like Bitcoin, further supporting the case for a major rally.
In summary, Raoul Pal’s analysis suggests that Bitcoin is primed for a substantial breakout, fueled by rising global liquidity and its historical correlation with the global money supply. As Bitcoin’s price continues to climb, investors and analysts alike are keeping a close watch on these trends, anticipating a potentially transformative period for the cryptocurrency. If Pal’s prediction holds true, Bitcoin could soon reach unprecedented heights, making now an exciting time for both seasoned investors and newcomers to the crypto space.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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