Bitcoin $84,164.68After being consolidated at the current price levels, it is expected that it can enter the rise trend in the coming months. Famous macroeconomic analyst Raoul Pal thinks that Bitcoin will go into a recovery process as in past cycles. According to Pal, prices are similar to the post -halving period, which can be a harbinger of the rise. Analyst argues that short -term decreases in the market may result in long -term recovery.
A new cycle can start in Bitcoin
Raoul Pal, Bitcoin prices are consolidated at the current levels, and this is a natural market phase, he said. According to him, this horizontal mobility should not mislead investors. This process may be silence before a major price increase, as in past cycles. Especially similar movements after the Halving period support this view.
Pal thinks that markets are currently pricing challenging economic data, but this is temporary. He says that with the return of macroeconomic conditions to positive, Bitcoin prices will rise. Analyst emphasized that it is close to entering the parabolic ascension phase, which he described as Banana Banana Zone ”. This means that prices gain value very quickly.
Pal, which refers to past market movements, draws attention to similarities, especially in 2017 cycle. At that time, a rapid rise after consolidation was experienced. The current table may also indicate a similar scenario. For this reason, investors are recommended to follow long -term trends rather than short -term fluctuations.
Investors should develop long -term strategy
According to Pal’s assessments, smart investors should see such consolidation phases as an opportunity. Because there may be strategic times to take positions, because prices are low. However, it is important to be patient in this period and try to understand the direction of the market. In particular, the signals given by technical indicators should be closely monitored.
It is emphasized that investors should act according to past cycles and existing data, not by market sensitivity. Short -term news flow and sudden decreases can push investors to make wrong decisions. Therefore, long -term assessment can reduce risks. In addition, the general economic picture may be decisive on price movements.
Raoul Pal benefits not only technical analysis but also macro data while evaluating Bitcoin’s price behavior. Factors such as softening financial conditions, increased liquidity and rise in investor sensitivity can also support the rise trend. All these data indicate that Bitcoin can enter a new wave of ascension in the coming months.
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.
