‘Almost Over’ – Macro Guru Raoul Pal Hints at Imminent Bitcoin Rallies Amid Rising Global Liquidity
Raoul Pal, a former Goldman Sachs executive, suggests that Bitcoin (BTC) is nearing the end of its correction phase and is poised for a rally due to rising global liquidity. He notes that Bitcoin typically lags behind the global money supply (M2) by about 10 weeks. Pal predicts Bitcoin could reach a market cycle top of at least $210,000, with potential highs of $412,000 or $805,000. Currently, BTC is trading at $82,500, down 2.25% in the last day.
Former Goldman Sachs executive Raoul Pal believes that it’s almost time for Bitcoin (BTC) to ignite the next phase of its uptrend.
Pal tells his 1.1 million followers on the social media platform X that Bitcoin tends to follow the global liquidity cycle but with a 10-week lag.
The macro guru shares a chart suggesting that global M2, or the total money supply across the world, has sharply risen after carving a bottom in late 2024. Based on the data, Pal predicts that Bitcoin will soon end its correction and begin sparking fresh rallies.
While Pal thinks that BTC rallies are imminent, he points out that Global Macro Investor’s (GMI) head of macro research, Julien Bittel, believes that Bitcoin trails the global M2 metric by 12 weeks. According to Bittel, Bitcoin will carve a local bottom this week before moving “higher again.”
Earlier this month, Pal predicted that global M2 will continue to rise while Bitcoin and crypto witness a “regular correction.”
He also predicted that Bitcoin would hit a market cycle top of at least $210,000, but he also notes that it is within the realm of possibility for BTC to climb to $412,000 or $805,000.
The logarithmic regression channel is a technical tool that helps traders visualize long-term price trends on a logarithmic scale.
At time of writing, BTC is trading for $82,500, down 2.25% in the past day.