The post Raoul Pal Says Bitcoin’s Banana Zone Signals What’s Next appeared on BitcoinEthereumNews.com.

Bitcoin is currently battling to rise above the $94,500 mark. Raoul Pal explained the phases of the ‘banana zone’. The CEO addressed the speculation about BTC retesting $75,000 levels. Bitcoin has moved into the green zone, rising above $94,000 after briefly dipping below $92,500. Many are now questioning its uncertain movement and what might happen next. Amid the market uncertainty, founder of Real Vision Raoul Pal, on a recent podcast opened up about the concept of the “Banana zone.” The CEO also took to X (formerly Twitter) and wrote, “we are still in the Banana Zone.” What Is the Banana Zone? Raoul Pal explained the Banana Zone as a sequence of phases Bitcoin undergoes within its market cycles. The first stage typically involves a rapid surge in price, as we saw when Bitcoin soared from $50,000 to $100,000. After such a sharp increase, the market tends to correct, often causing panic among investors. However, this correction is a normal part of the cycle, and while it may seem concerning in the short term, it usually precedes the next phase: Altseason. The Phases of the Banana Zone 1. The Initial Surge In the first phase, Bitcoin experiences a sharp rise in value, often causing excitement across the market. This is what happened when Bitcoin hit $100,000. It’s a period of aggressive price movement that often creates a sense of euphoria. 2. The Correction Phase Following the initial surge, Bitcoin typically enters a correction phase, where its price consolidates or drops slightly. This part often sees fear and uncertainty in the market as investors worry about the longevity of the rally.  3. Altseason Once the correction phase stabilizes, the next stage is altseason, where altcoins tend to outperform Bitcoin. During this period, many cryptocurrencies experience gains, and it feels like “any coin…

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Filed under: News - @ January 11, 2025 9:16 am