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Real Vision CEO and macro investor Raoul Pal is predicting that Bitcoin could more than triple in value from the current price, while Ethereum could nearly quadruple.
“This is not a certainty. It is a probabilistic outcome. For me, $20k ETH and $200k BTC is a shoe in (70% + chance)”
Pal says that currently, Bitcoin is replicating the price behavior it displayed in 2013: “BTC continues to follow 2013 very well.”
The Real Vision founder also says that there’s a “decent chance” that the current Bitcoin bull cycle could play out for a longer period than previous ones resulting in a Bitcoin price closer to $400K with an Ethereum price of $40,000.
In other trending Bitcoin News today: Analyst Suggests Bitcoin’s Bottom Could Be $50K Assuming BTC Surpasses $200K This Cycle!
“If we apply that same area to the current rant, we get an end-of-cycle target for Bitcoin between $207,000 and $270,000,” the analyst adds. Following the end cycle outlook, Bennett details that the last three bear markets that followed the bull cycles have “produced corrections of 94%, 87%, and 84% respectively.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3pu4iTK
✔ PlanB Predicts Massive BTC Surge Incoming: https://bit.ly/3nFWWtZ
✔ BTC’s New $50K Bottom: https://bit.ly/3Cf1JIH
✔ Raoul Pal’s Bitcoin & Ethereum Predictions: https://bit.ly/2XE9sRt
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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