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Real Vision founder: Bitcoin is about to enter the banana range

Real Vision founder: Bitcoin is about to enter the banana range

CointimeCointime2024/07/29 13:34
By:Cointime

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)

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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.

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