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<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-poised-to-surge-250k-raoul-pals-bold-prediction-ethereum-solana-in-the-limelight/" rel="noopener noreferrer nofollow">Bitcoin Poised to Surge $250K: Raoul Pal’s Bold Prediction, Ethereum &amp; Solana in the Limelight</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Bitcoin recently broke its previous record, exceeding $71,600, prompted by the approval of spot Bitcoin exchange-traded funds in the US on 11 Jan 2024. In a bold move, Real Vision founder Raul Pal set a <a href="https://www.youtube.com/watch?si=cbPWash2FS_6DDQ_&amp;v=WpgYgT91yMI&amp;feature=youtu.be" rel="noopener noreferrer nofollow">bold target of $250,000</a> for Bitcoin. This bold announcement did not stop there and he also brought Ethereum and Solana to the forefront.</p>
<h2 class="wp-block-heading" id="h-bitcoin-bold-prediction">Bitcoin Bold Prediction</h2>
<p>Raoul Pal, who is known for his bullish stance on cryptocurrencies, has set an ambitious price target stating that Bitcoin will finish this cycle close to $250k or above. This bold prediction comes in a bullish crypto market, where Bitcoin is already breaking records.</p>
<p>However, Pal’s optimism extends beyond Bitcoin, during the show he shared his optimistic views on Ethereum, <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" rel="noopener noreferrer nofollow">predicting a big jump</a> from $15,000 to $20,000. This speculation is based on factors such as Ethereum’s correlation with Bitcoin, expectations of spot Ethereum ETF adoption, and the upcoming Denouement Upgrade.</p>
<p>As of now, the price of ethereum stands at $4030.1 which represents a 2% increase in the last 24 hours and the current market cap is $468.89B.</p>
<h3 class="wp-block-heading" id="h-solana-hitting-750-to-1000">Solana Hitting $750 to $1000</h3>
<p>For Solana, Pal assumes a <a href="https://coinpedia.org/news/solana-and-two-altcoins-poised-for-action-in-the-next-4-days/" rel="noopener noreferrer nofollow">bull price target</a> of $750 to $1,000. He remains impressed with Solana’s technical prowess and expresses confidence that its operation will generate greater demand for SOL, contributing to further price increases.</p>
<p>Solana’s current price of $147.67 is well above the 20-day simple moving average of $120.69, which crossed the $140 resistance yesterday, but the 24-hour technical indicator for Solana (SOL/USD) is pointing to an uptrend.</p>
<h2 class="wp-block-heading" id="h-conservative-prediction-nbsp">Conservative Prediction?&nbsp;</h2>
<p>Pal stresses that his <a href="https://coinpedia.org/news/bitcoin-poised-to-surge-138k-in-18-days-based-on-historical-trends/" rel="noopener noreferrer nofollow">projections may be</a> conservative considering the dynamic spot BTC ETF market. As bitcoin faces increased demand from ETF holders amidst a shrinking supply, due to the impending bitcoin halving event, where BTC yields have dropped by 50%.</p>
<p>As Bitcoin enters an active price discovery phase, Raul Pal’s predictions inspire expectations and speculation.</p>

Bitcoin Poised to Surge $250K: Raoul Pal’s Bold Prediction, Ethereum & Solana in the Limelight

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