The Bitcoin market enters a critical period that investors carefully followed, while macroeconomic indicators signal a new rise. Former Goldman Sachs manager and macro analyst Raoul Pal, Bitcoin’s direct connection with the global liquidity cycle, shows that this relationship is approaching a strong rise for BTC. Pal predicts that Bitcoin is in a correction phase in its latest analysis, but will soon begin a new rally.
Analysis that makes you happy for Bitcoin
Former Goldman Sachs manager and macro analyst Raoul Pal thinks Bitcoin (BTC) is ready to move to the next rise. Pal said that Bitcoin followed the global liquidity cycle with a delay of about 10 weeks. According to the graph, the global M2 money supply at the end of 2024 after the bottom of the sharply began to rise. Based on this data, Pal predicts that Bitcoin will start new rally by completing the current correction process. “The waiting process is almost over… The 10 -week delay is my choice.” He said.
On the other hand, even though Pal Bitcoin thinks that the rise are close, Julien Bittel, the Global Macro Investor (GMI) Macro Research President, says that Bitcoin follows the global M2 meter with a 12 -week delay. According to Bittel, BTC can rise again this week by making a local dip.
The correction process was estimated
In another prediction of this month, Pal stated that the global M2 would continue to rise and that the crypto market and the crypto market undergo a “regular correction” process. Pal stressed that liquidity tightening was caused by the strong dollar and the high interest rates in the fourth quarter of 2024, but this effect is almost over and financial conditions are rapidly loosening. “This will pass… M2 is moving towards new summits.” he said.
Pal also predicts that Bitcoin will reach at least $ 210,000 in the current market cycle. However, BTC also states that it has an increase in $ 412,000 or up to $ 805,000. “Over time, we continue to climb the logarithmic regression channel. Will we stay on the red line or if we will go up one or two standard deviations, we will see it as the cycle develops.” He said.
The logarithmic regression channel is known as a technical tool that helps investors to visualize long -term price trends on a logarithmic scale. When the news was written, Bitcoin was traded at $ 82,500 and has decreased by 2.25 %in the last 24 hours.
