The post Bitcoin, gold on track to break out as ‘macro summer’ begins — Analyst appeared on BitcoinEthereumNews.com.

The beginning of the “macro summer” rally could help Bitcoin price reach a new all-time high and rally well into 2025, according to Raoul Pal. Bitcoin and gold could be on track to a significant price breakout as macroeconomic conditions improve. The beginning of “macro summer” could lead to a Bitcoin (BTC) price breakout in the near term, according to Raoul Pal, the founder and CEO of Global Macro Investor, who wrote in a July 29 X thread: The “Banana Zone” is a term coined by Pal to describe a period of significant upward price movement. In this case, it suggests that Bitcoin price could break out to a new all-time high. Read more Source: https://cointelegraph.com/news/bitcoin-gold-price-breakout-macroeconomic-improvement?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

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Filed under: News - @ July 30, 2024 3:28 am