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Real Vision Founder: Bitcoin is about to enter the 'banana zone'

Real Vision Founder: Bitcoin is about to enter the 'banana zone'

Bitget2024/07/29 13:07

Former Goldman Sachs executive and Real Vision founder Raoul Pal posted on the X platform that Bitcoin is about to break a huge cup-and-handle pattern and enter the "banana zone". Raoul Pal has previously stated that the "banana zone" represents a highly cyclical stage, when liquidity enters the market and central banks need to refinance all debts, they use candy to please people. At this time, cryptocurrencies usually skyrocket. This is a debt refinancing cycle driven by macroeconomic forces, affecting all asset prices, but cryptocurrencies perform particularly well.

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