Raoul Pal, macro investment expert and CEO of Real Vision, Bitcoin $60,073He suggests that the is on the verge of a major rally due to increasing global liquidity.
Bitcoin and Increasing Global Liquidity
Pal told 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 and suggests 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 points out the historical relationship between Bitcoin and the global money supply (M2), stating that the leading cryptocurrency is preparing for a major breakout.
Raoul Pal: “Close, very close. Global M2 and BTC.”
Julien Bittel’s Opinions
Real Vision macro expert Julien Bittel also said that macroeconomic conditions are starting to inject more liquidity into the market, which is positive for risky assets like Bitcoin.
Julien Bittel: “Hang in there, 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 so sensitive to changes in liquidity conditions – has the potential to move impressively 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 press time and is up over 3% in the last 24 hours.
Experts’ positive expectations regarding increasing global liquidity indicate that Bitcoin could experience a 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 be careful and follow the market closely.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
