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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/raoul-pal-predicts-bitcoins-imminent-price-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Raoul Pal Predicts Bitcoin’s Imminent Price Surge</a><br></p>
<p style="text-align: justify">Macro economist Raoul Pal believes that Bitcoin (BTC) is preparing for a significant price explosion. He notes that Bitcoin tends to move in sync with global liquidity cycles, indicating that past increases in global liquidity have positively impacted BTC and broader risk markets.</p>
<h2 style="text-align: justify" id="the-relationship-between-global-liquidity-and-bitcoin">The Relationship Between Global Liquidity and Bitcoin</h2>
<p style="text-align: justify">Pal, a former Goldman Sachs executive, emphasizes the correlation between Bitcoin and global liquidity trends. In a recent video posted on Real Vision’s YouTube channel, he shared a graph suggesting that global liquidity will increase over the next three months, and BTC is expected to mirror this growth.</p>
<p style="text-align: justify">Pal interprets the graph as follows:</p>
<blockquote>
 <p>“This is definitely a beautiful graph. It contains both private and public sector liquidity from major global economies in the GMI (Global Macro Investor) global weekly liquidity index. I think it’s perfect. Bitcoin has been tracking this ten weeks in advance…</p>
 <p>So you have this. Bitcoin has seasonality—BTC is always strong from this point onwards.”</p>
</blockquote>
<h2 style="text-align: justify" id="bitcoin-follows-the-2023-rally">Bitcoin Follows the 2023 Rally</h2>
<p style="text-align: justify">Pal shared another graph closely reflecting Bitcoin’s price movements from January 2023 to March 2024. During this period, BTC surged approximately 350%, rising from $16,500 to $74,000. According to the macro expert, the current conditions are favorable for a major Bitcoin rally.</p>
<p style="text-align: justify">Pal articulates this situation as follows:</p>
<blockquote>
 <p>“Bitcoin is literally repeating what it did last year. We’ve achieved macro overlap. The Fed will continue to lower rates over time, and other central banks will join in. In fact, the ECB and Canada have already started. Seasonality is in favor of bulls, global liquidity cycles are in place. I don’t know what else is left.</p>
 <p>Now it’s time for that rally to start.”</p>
</blockquote>
<h2 style="text-align: justify" id="high-expectations-for-bitcoin-s-surge">High Expectations for Bitcoin’s Surge</h2>
<p style="text-align: justify">The price target indicated in Pal’s graph suggests that Bitcoin could exceed $200,000 by early next year. As of the time of writing, BTC is trading at $62,809.</p>
<p style="text-align: justify">Pal’s analysis highlights a strong relationship between Bitcoin, global liquidity, seasonality, and macroeconomic factors, indicating significant movements in the <a href="https://en.coin-turk.com/blackrock-launches-first-tokenized-fund-on-ethereum-network/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/bitcoin-price-makes-a-strong-comeback-eyes-on-37000-dollars/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market ahead. His insights suggest that potential opportunities for investors are on the horizon. However, with the volatile nature of cryptocurrency markets, investors must remember that no one can predict the future accurately.</p>
<p>The post <a href="https://en.coin-turk.com/raoul-pal-predicts-bitcoins-imminent-price-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Raoul Pal Predicts Bitcoin’s Imminent Price Surge</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Raoul Pal Predicts Bitcoin’s Imminent Price Surge

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