Raoul Pal Predicts Bitcoin’s Journey to All Time Highs is Imminent

Raoul Pal, an experienced figure in the finance industry and the CEO of Real Vision, has recently explored the complex world of cryptocurrency during an ask-me-anything (AMA) session. Known for his insights into macroeconomics, Pal has outlined a roadmap for the digital asset space, highlighting an upcoming period of short-term volatility before what he refers to as the ‘real run’ to new all-time highs.

Pal identifies two significant factors that are propelling the crypto industry into uncharted territory. First, the recent approval of Bitcoin exchange-traded funds (ETFs), and second, the upcoming Bitcoin halving event in April. Pal notes the rise in demand due to ETF preorders and predicts a potential influx of $1 to $2 billion. The question that arises is, with this surge in demand, who will ultimately become the buyer in this situation?

Recognizing the inevitable short-term market turbulence, Pal pragmatically addresses the possibility of 30%-35% pullbacks, a common occurrence at the 0.618 Fibonacci level during the initial phase of a bull run. This becomes particularly relevant as the market adjusts to the heightened demand.

Meanwhile, the visionary strategist explains that such corrections are a natural part of the process, serving as a clearing mechanism for leverage. This, in turn, sets the stage for what Pal envisions as the ‘real run,’ the anticipated climb to all-time highs and beyond.

Pal presents an intriguing timeline, suggesting that the much-anticipated ‘real run’ could begin around the time of the Bitcoin halving event. With an estimated month or two of potentially turbulent waters, Pal positions the upcoming period as a crucial moment for investors, anticipating that this phase will mark the start of the long-awaited surge to new heights.

Currently, Bitcoin is valued at $42,753, reflecting a slight decrease over the past 24 hours. However, the coming weeks promise to be an exciting chapter as the market navigates the expected short-term volatility on its journey towards what Pal envisions as a ‘real run’ to unprecedented highs.