Ex-Goldman Sachs executive and a respected macro analyst, Raoul Pal, believes Bitcoin is gearing up for a major rally despite its current dip below previous highs.
In his latest market update, he expressed confidence that the months ahead will bring significant gains, comparing today’s setup to a past cycle that led to explosive growth.
Pal sees striking similarities between Bitcoin’s current position and the post-halving rally of 2017. Back then, after a period of sideways movement, Bitcoin experienced a massive surge. He argues that the worst of the downturn is likely over, and market conditions suggest an impending breakout.
Rather than a slow recovery, he anticipates a sharp upward move that could push Bitcoin back to its previous highs within a few months. While short-term price action has been uneventful, Pal suggests that investors might soon see a dramatic shift.
Recent months have been tough for altcoins, many of which have suffered steep losses. However, Pal reassures investors that this pattern isn’t unusual. Similar corrections happened in 2017 before the market roared back to life. He believes the current consolidation phase is nearing its end, setting the stage for renewed momentum.
According to Pal, Bitcoin’s bull cycle is still in its early stages. He describes a market phenomenon he calls the “banana zone”—a phase of extreme price acceleration that often delivers outsized returns. With the initial breakout behind us, he suggests the real fireworks are still ahead.
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