Famous Macro expert and Goldan Sachs executive. Raul PalHe pointed to an imminent rise in value Bitcoin BTC/USDThe expected increase is due to the increase in global liquidity.
What happened: PAL’s predictions on the social media platform.
PAL presented a scheme to show a significant rise in Global M2, which represents the total supply of funds all over the world, after a decrease in late 2024. based on this information, Bitcoin is expected to be on the verge of ending the phase of correction and starting new marches.
Earlier this month, Pal expected that the global M2 would continue its upward path while Bitcoin and other cryptocurrencies suffer from “regular correction”.
It is also a guess that bitcoin can reach the peak of the market cycle of at least 210,000 dollars, with the possibility of a rise to $ 412,000 or even 805,000 dollars.
Also read: The encryption analyst predicts 195 % of the Bitcoin Rally
As of this writing, the bitcoin price is $ 82,500, which represents a decrease of 2.25 % during the past day.
Why do it matterThe contradictory views of PAL and BitTel highlighting the inherent volatility and the inability to predict the cryptocurrency market. While both experts agree on the relationship between Bitcoin and global liquidity, the timing of Bitcoin’s response to changes in the global M2 is a point of disagreement.
This difference in opinion emphasizes the need of investors to deal with cryptocurrency investments with caution and conduct comprehensive research before making investment decisions.
Read after that
Robert Keusaki says that “everything bubble” will lead to the breakdown of the historical market, and Bitcoin will be faster
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