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Crypto Market Enters The Greed Zone: Start Of Bull Run?
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Is It The Start Of The Bull Run?
Today marks the first day of a greedy zone after weeks, but
concluding it the beginning of a bull zone will be going too far.
However, this is the first all-green day for all cryptocurrencies, and if the trend continues, the upcoming days might mark the beginning of a bull rally for cryptocurrencies.
More importantly, the RealVision founder and CEO, Raoul Pal
has hinted toward the upcoming banana zone, which is a phase of a Bull run. He believes that the super bullish banana zone is just weeks away and will begin by June middle. And the banana zone will make the cryptocurrency prices go crazy for good. He also claimed the market cap will quadruple by the end of this bull cycle in 2025.
Raoul Pal says that Bitcoin halving is usually followed by a consolidation period where the market drops around 20%. But then a free rise occurs, which is the transition of the crypto market from macro spring to macro summer. This transition period is what brings the banana zone.
Final Thoughts
The historical evidence does support Raoul’s prediction, but the exact movement of the crypto market is hard to predict. The summer rally hasn’t continued every single year, but in 2013 and 2017, the crypto market followed this banana zone. If 2024 turned out similar to the following two, a bull rally might be witnessed by the investors.