Raoul Pal predicts Bitcoin will enter the "Banana Zone" with potential for rapid price growth

From Investing.com

July 29, 2024 3:00:22 pm:

Renowned macro expert Raoul Pal predicts Bitcoin (BTC) will enter the “Banana Zone,” a phase of rapid price increases in the cryptocurrency market. This follows the “cup and handle” pattern, signaling a bullish continuation. BTC’s price hit $70,000, with potential for unimaginable growth if the Banana Zone scenario plays out. Predicting crypto market movements remains uncertain. (Words: 50)

Pal introduced the term “Banana Zone” to describe a period of exponential price rises, high volatility, and market euphoria in the crypto market. This phase typically reflects the most bullish period of a bull market but is short-lived. The “cup and handle” pattern indicates BTC is primed for significant upward movement, potentially pushing it into the Banana Zone. (Words: 50)

Read more at Investing.com: Raoul Pal Delivers Epic New Bitcoin Banana Zone Prediction By U.Today