- The Relationship Between Global Liquidity and Bitcoin
- Bitcoin Follows the 2023 Rally
- High Expectations for Bitcoin’s Surge
Macro economist Raoul Pal believes that Bitcoin (BTC) is preparing for a significant price explosion. He notes that Bitcoin tends to move in sync with global liquidity cycles, indicating that past increases in global liquidity have positively impacted BTC and broader risk markets.
The Relationship Between Global Liquidity and Bitcoin
Pal, a former Goldman Sachs executive, emphasizes the correlation between Bitcoin and global liquidity trends. In a recent video posted on Real Vision’s YouTube channel, he shared a graph suggesting that global liquidity will increase over the next three months, and BTC is expected to mirror this growth.
Bitcoin Follows the 2023 Rally
Pal shared another graph closely reflecting Bitcoin’s price movements from January 2023 to March 2024. During this period, BTC surged approximately 350%, rising from $16,500 to $74,000. According to the macro expert, the current conditions are favorable for a major Bitcoin rally.
High Expectations for Bitcoin’s Surge
The price target indicated in Pal’s graph suggests that Bitcoin could exceed $200,000 by early next year. As of the time of writing, BTC is trading at $62,809. Pal’s analysis highlights a strong relationship between Bitcoin, global liquidity, seasonality, and macroeconomic factors, indicating significant movements in the cryptocurrency market ahead.
Pal's vision relies on a multifaceted approach to cryptocurrency market analysis, emphasizing the correlation between Bitcoin and factors such as global liquidity and macroeconomic conditions.
Comments