**Bitcoin and Gold Eye Major Breakout Amid Improving Macroeconomic Conditions**

Bitcoin (BTC) and gold might be on the verge of a significant price surge as macroeconomic conditions show signs of improvement. Raoul Pal, CEO of Global Macro Investor, hinted at this potential in a recent post, coining the term "Macro Summer" to describe the favorable period expected to last into 2025.

Pal suggests Bitcoin is nearing a breakout from its "cup and handle" formation, a bullish technical pattern. To confirm this move, BTC needs to close above $70,000, according to crypto trader Moataz Elsayed. Increased open interest in Bitcoin further supports this optimistic outlook. Stay tuned for updates!