Bitcoin's Waiting Game is Almost Over: Macro Guru Raoul Pal Predicts Imminent Rallies

Bitcoin‘s Waiting Game is Almost Over: Macro Guru Raoul Pal Predicts Imminent Rallies

Bitcoin’s Waiting Game is Almost Over: Macro Guru Raoul Pal Predicts Imminent Rallies

As the great and powerful Raoul Pal, former Goldman Sachs executive, once decreed: “It’s almost time for Bitcoin (BTC) to ignite the next phase of its uptrend… or not.” 🤷‍♂️

Pal, with his trusty crystal ball, tells his 1.1 million followers on X that Bitcoin tends to follow the global liquidity cycle, but with a 10-week lag. Ah, the suspense is killing me! 🕰️

The macro guru shares a chart suggesting that global M2, or the total money supply across the world, has sharply risen after carving a bottom in late 2024. Based on the data, Pal predicts that Bitcoin will soon end its correction and begin sparking fresh rallies. Because, of course, it will. 💸

“The waiting game is almost over…the 10-week lead is my preferred.” Ah, the humility of a macro guru.

But wait, there’s more! Global Macro Investor’s (GMI) head of macro research, Julien Bittel, believes that Bitcoin trails the global M2 metric by 12 weeks. Because, clearly, Pal’s expertise is on par with the great Bittel’s. 😏

Earlier this month, Pal predicted that global M2 will continue to rise while Bitcoin and crypto witness a “regular correction.” Because, naturally, nothing goes up in a straight line. 📈

“This too shall pass… probably after we’ve all lost our shirts on Bitcoin. 😂

Crypto is still feeling the tightening in liquidity from the stronger dollar and higher rates in Q4 2024. That is almost done and financial conditions are easing fast and M2 is headed back to new highs.” Because, of course, that’s exactly what happened last time… and the time before that… and the time before that. 🙄

And, because we love a good FUD session, Pal also predicted that Bitcoin would hit a market cycle top of at least $210,000, but he also notes that it is within the realm of possibility for BTC to climb to $412,000 or $805,000. Because, you know, charts are always right. 📊

“Over time, we just keep climbing the log regression channel. Whether we stay at the man (red) or climb above it by another standard deviation or two remains to be seen as the cycle develops.” Ah, the eternal optimism of a macro guru. 😊

The logarithmic regression channel is a technical tool that helps traders visualize long-term price trends on a logarithmic scale. Because, clearly, that’s what we all need: more complicated charts to interpret. 🤯

At time of writing, BTC is trading for $82,500, down 2.25% in the past day. Because, naturally, it’s always down, down, down. 📉

2025-03-30 10:22

Read More