Raoul Pal: Bitcoin Nearing a Major Breakout with Rising Liquidity

Pal tells his one million followers on social media platform X that Bitcoin is rising amid rising global liquidity. The chart he shared compares global liquidity to Bitcoin, suggesting that the leading cryptocurrency could reach $90,000 by November.

Raoul Pal: “Close, very close. GMI (Global Macro Investor) Total Global Liquidity and BTC.”

Pal also draws attention to the historical relationship between Bitcoin and the global money supply (M2), indicating that the leading cryptocurrency is preparing for a major breakout.

Raoul Pal, macro investment expert and Real Vision CEO, suggests that Bitcoin is on the verge of a major rally at $60,313 due to rising global liquidity.

Real Vision macro expert Julien Bittel also says that macroeconomic conditions are starting to inject more liquidity into the market, which is positive for risky assets like Bitcoin.

Julien Bittel: “Hang on, bulls. It felt like an eternity trapped in the ‘Boring Zone,’ but there’s finally a light at the end of the tunnel. Liquidity is increasing again and Bitcoin – being extremely sensitive to changes in liquidity conditions – has the potential to make impressive moves as fresh liquidity flows into the system. The macro landscape is changing. There’s a big liquidity wave on the horizon and when it does, Bitcoin looks set for a strong rally in Q4. Patience is the name of the game now.”

Bitcoin is trading at $60,219 at the time of writing and is up over 3% in the last 24 hours.

Experts’ positive expectations for increasing global liquidity suggest that Bitcoin could see significant movement in the coming period. However, given the volatile nature of cryptocurrency markets and the uncertainty of macroeconomic factors, it is important for investors to remain cautious and follow the market closely.

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