Real Vision founder: Bitcoin is about to enter the banana range
Former Goldman Sachs executive and Real Vision founder Raoul Pal posted on X platform stating that Bitcoin is about to break the huge cup and handle pattern and enter the banana zone. Raoul Pal previously stated that the "banana zone" represents a highly cyclical phase where liquidity enters the market and central banks need to sweeten the deal for all debt refinancing with candy. At this time, cryptocurrencies usually soar vertically. This is a debt refinancing cycle driven by macroeconomic forces that affects all asset prices, but cryptocurrencies are particularly prominent. (Theblockbeats)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget Trading Club Championship (Phase 21)—Up to 1250 BGB per user, plus a ZETA pool and Mystery Boxes
Bitget Spot Margin Announcement on Suspension of MDT/USDT, RAD/USDT, FIS/USDT, CHESS/USDT, RDNT/USDT Margin Trading Services
STABLEUSDT now launched for futures trading and trading bots
Martingale bot upgraded–simpler setup, more flexible features
