‘Very Close’ – Former Goldman Sachs Executive Hints at Bitcoin (BTC) Breakout Rallies Amid Rising Liquidity
Macro guru and Real Vision CEO Raoul Pal is suggesting Bitcoin (BTC) is on the verge of having massive breakout rallies due to one main catalyst.
Pal tells his one million followers on the social media platform X that Bitcoin appears to be rising in tandem with increasing global liquidity.
Pal shares a chart comparing global liquidity versus Bitcoin that suggests the flagship crypto may reach $90,000 by November.
“Close, very close. GMI (Global Macro Investor) Total Global Liquidity versus BTC.”
Source: Raoul Pal/X
In addition, Pal says that a historical relationship between Bitcoin and the global money supply (M2) metric suggests that the top digital asset by market cap is gearing up for a massive breakout.
“Close, very close. Global M2 versus BTC.”
Source: Raoul Pal/X
Real Vision macro expert Julien Bittel is also saying that the macroeconomic conditions are starting to inject more liquidity into the markets, which tends to be bullish for risk-on assets like Bitcoin.
“Hang in there, bulls. It’s felt like an eternity trapped in ‘The Boring Zone,’ but there’s finally some light at the end of the tunnel. Liquidity is on the rise again, and Bitcoin – being extremely sensitive to changes in liquidity conditions – has the potential to move explosively as fresh liquidity flows into the system. The macro environment is shifting. A major liquidity wave is now on the horizon, and when it hits, Bitcoin looks primed for a strong push higher in Q4. Patience is the name of the game now.”
Bitcoin is trading for $60,219 at time of writing, up more than 3% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post ‘Very Close’ – Former Goldman Sachs Executive Hints at Bitcoin (BTC) Breakout Rallies Amid Rising Liquidity appeared first on The Daily Hodl.