Former Goldman Sachs executive Raoul Pal has identified critical indicators for a Bitcoin
$83,250 surge. Pal analyzed global liquidity cycles, indicating that Bitcoin lags this cycle by ten weeks. Data shows a noticeable increase in global M2 money supply, expected to bottom out by the end of 2024.
Shifts in Macro Indicators
Based on the graph he published, Pal noted that the rise in global M2 money suggests an end to Bitcoin’s correction phase and signals the beginning of new rallies. The increase in global money supply could significantly affect the overall market trend.
However, potential pressure from tariffs on liquidity may undermine this optimism. Pal might revise his predictions based on the severity of the tariffs announced by Trump next week.
Bitcoin Price Predictions
In addition to Pal’s statements, Julien Bittel, macro research head at Global Macro Investor, shared similar views.
Raoul Pal: “The wait is almost over; my preference is a ten-week advantage.”
Julien Bittel: “Bitcoin will see a local bottom this week and rise again.”
Experts predict that Bitcoin could gain momentum in its price following its correction phase. Pal forecasts a peak for Bitcoin at least at $210,000 in the current market cycle, with potential to reach $412,000 or even $805,000. These predictions are based on a logarithmic regression channel indicating long-term trends.
Currently, Bitcoin’s price is recorded at $82,500, showing a negative percentage drop in daily trading performance. Experts are closely monitoring the effects of financial easing on the Bitcoin market.
Given this data, the technical tools and analysis methods used can assist investors in tracking long-term trends. Market participants should carefully assess data indicating possible reversal points.
