Macroglu and Real Vision CEO Raulpal is bullish on Bitcoin (BTC) as the flagship cryptocurrency is about 22% below its record high reach in January.
PAL tells 219,000 YouTube subscribers in the new video that “the next part of the year” will be “very powerful” for Bitcoin.
According to the leading macro guru, future price actions for Bitcoin could reflect the bullish cycle that occurred half after the second half.
“2017 was a great year for those who remember it. And I think we’ll see something very similar. Bitcoin is the price of the financial position that was leading three months ahead. Bitcoin has already priced it all.
Pal says about Bitcoin’s bullish reversal timeline
“Essentially, we’re round the corner so we should start checking for higher prices. And the higher prices will be quicker. And the higher prices should go back to higher prices right away. Like a few months straight away, not a week or two.
So I think what you’ve had to go through is a boring lateral integration pattern with slight down bias.
Your altcoin has been nuk, but nothing normal. We saw this in 2017, we saw it now and we are very close to the turnaround. ”
According to a leading macro guru, the bullish cycle of the crypto market is still in its early stages.
“We barely started the cycle, so we all know that it’s saying it’s that early and nothing’s going to happen yet. That’s not the case. This was a breakout of that integration scope. This is integration phase 2.
According to PAL, the banana zone is in the crypto market stage, with a parabolic price movement that brings out-size profit opportunities.
Bitcoin is trading at $85,201 at the time of writing.
https://www.youtube.com/watch?v=zcjxr_1dxau
Generated Image: Midjourney
