Bitcoin

Banana

Epic

Bitcoin Banana

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  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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<p dir="ltr">Renowned macro expert and crypto proponent&nbsp;<a href="https://x.com/RaoulGMI/status/1817882655171506443" rel="noopener noreferrer nofollow">Raoul Pal</a> broke the space today with his newest prediction regarding&nbsp;<a href="https://u.today/ripple-leader-reveals-untold-beauty-of-bitcoin" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>. Pal, CEO of Real Vision, has drawn attention with his provocative assertion that BTC is poised to break out of a technical pattern known as the "cup and handle" and enter what he calls the "Banana Zone."</p>
<h2 dir="ltr" id="what-does-this-even-mean">What does this even mean?</h2>
<p dir="ltr">Pal himself coined the term "Banana Zone" to describe a phase of extreme and rapid price increases on the cryptocurrency market. This phase is characterized by exponential price rises, widespread market euphoria and high volatility, although it is typically short-lived. During this period, most cryptocurrencies experience substantial gains, reflecting the most bullish phase of a crypto bull market.</p>
<p dir="ltr">The "cup and handle" pattern is a classic chart pattern used in technical analysis, which typically indicates a bullish continuation. The pattern resembles a cup with a rounded bottom, followed by a consolidation period, which forms a "handle." A breakout from this pattern often signals significant upward movement, which Pal suggests could propel Bitcoin into the Banana Zone.</p>
<h2 dir="ltr" id="bitcoin-price-outlook">Bitcoin price outlook</h2>
<p dir="ltr">As of now, the price of&nbsp;<a href="https://u.today/btc-xrp-and-shib-outshined-by-14-bitcoin-cash-bch-surge" rel="noopener noreferrer nofollow">BTC</a> stands at the $69,000 mark. What was previously the all-time high is now seen as just a stepping stone for major cryptocurrency's price. BTC's price did touch the $70,000s today - a milestone not seen since June 12.</p>
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 <p lang="en" dir="ltr">Bitcoin is ready to soon break the giant cup and handle and head into the Banana Zone... <a href="https://t.co/2PwOGqrA6X" rel="noopener noreferrer nofollow">pic.twitter.com/2PwOGqrA6X</a></p>— Raoul Pal (@RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1817882655171506443?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a>
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<p>If the Banana Zone scenario is indeed about to happen, the numbers for&nbsp;<a href="https://u.today/tron-founder-justin-sun-urges-elon-musk-to-do-this-for-bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a>'s price figure are unimaginable. But to predict something certain on the crypto market is rarely a good idea.</p>

Raoul Pal Delivers Epic New Bitcoin Banana Zone Prediction

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