‘It Has To Be Now’ – Raoul Pal Unveils Massive Bitcoin Price Target, Says BTC Repeating 2023 Rally ‘Perfectly’

Macro guru Raoul Pal believes that the stage is being set for Bitcoin (BTC) to explode to his massive price target.

In a video posted on Real Vision’s YouTube channel, the former Goldman Sachs executive says Bitcoin tends to rise and fall along with global liquidity cycles.

He shares a chart suggesting that global liquidity will surge over the next three months with BTC following suit.

“It’s an [absolutely] beautiful chart. It’s the GMI (Global Macro Investor) global weekly liquidity [index], so that’s both private-sector liquidity and public-sector liquidity from the large global economies. I mean it’s just perfect. It leads by 10 weeks…

So you’ve got that. You’ve got Bitcoin seasonality – [BTC] is always strong from this point onwards.”

Source: Real Vision/YouTube

Pal shares another chart suggesting that BTC is closely mirroring its price action from January 2023 to March 2024, when BTC jumped about 350% from $16,500 to around $74,000. According to the macro guru, conditions look ripe for a big Bitcoin surge.

Bitcoin is also repeating what it did last year, literally perfectly. So we’ve got the macro overlay, the Fed is going to keep cutting over time, the other central banks are going to be involved. We’ve got the seasonality in place, we got the global liquidity cycle in place. I don’t know what else is left.

It has to be now.”

Source: Real Vision/YouTube

Looking at the Pal’s chart, he seems to predict that Bitcoin will skyrocket above $200,000 by early next year.

At time of writing, BTC is trading for $63,249.

 

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Source: https://dailyhodl.com/2024/09/22/it-has-to-be-now-raoul-pal-unveils-massive-bitcoin-price-target-says-btc-repeating-2023-rally-perfectly/