Real Vision CEO and former Goldman Sachs Manager Raoul Pal, increasing global liquidity Bitcoin $81,701.23 And he said he could be effective in the rise of other crypto beings. Pal stated that there was a historical relationship between the global money supply indicator (M2) and Bitcoin and pointed out that significant changes in the current market structure may be experienced.
Market Dynamics
Pal stressed that the tightening of liquidity due to high dollar and interest rates in Q4 2024 is gradually ending. Stating that the global money supply has started to rise again, Pal reflected that the current correction is a normal market movement.
“This will pass. In the 4th quarter of 2024, the crypto still feels tightening in liquidity, caused by stronger dollar and higher interest rates. This is almost completed and financial conditions are rapidly loosening and M2 returns to new peaks. This is just a normal correction. ” – Raoul Pal
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In addition, Pal, who showed similar market movements in 2017, said that there was a sharp correction as a result of the high interest environment and strengthening of the dollar that year, and then recovery with the rally coming one after the other.
“We experienced the same correction caused by the same reaction to Trump policies (higher dollar and higher interest rates, then reversed). – Raoul Pal
Technical Analysis and Future Expectations
In terms of technical analysis, Pal said that Bitcoin was traded on the logarithmic regression channel in the long -term trend, and that this channel could help in determining the potential peaks and bottoms of the asset. According to this method, the price is expected to continue to rise in the channel over time.
“Over time, we continue to climb the log regression channel. As the cycle develops, we will see if we will remain in the main channel (red) or not to climb up to one or two standard deviations. ” – Raoul Pal
In the current market data, Bitcoin is traded around $ 80,700 and tends to rise in a short -term percentage. Investors may tend to follow the developments in the market closely in line with the new acceleration that increased global liquidity and technical indicators may have created.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
