Raoul Pal – “I’m Afraid for What’s Coming for BTC & Crypto in December…” #Finance

everyone thinks oh it’s fine we’re at 110 we’re get 150 now and then it corrects in everybody’s faces quite sharply um’s saying Max P Max p is is is sending this thing one leg higher yeah one leg higher in kind of disbelief and then kind of trapping a bunch of

new entrance in and then it does the typical 30% correction in a week and a half and everyone’s like holy what is this thing I’ve bought you know why did my friend at Thanksgiving tell my you know cousin at Thanksgiving tell me to buy this it’s gone down 30% you know we got to go

through that sort of stuff then normally it should rally all the way through till us tax season Bitcoin has been on an impressive rally recently trading above $997,000 marking an alltime high this surge can be attributed to several key factors concerns about Liquidity a

strengthening US dollar and a growing institutional investment appetite the rising adoption of Bitcoin by mainstream Financial players is further driving its value upwards and many are speculating that this bullish momentum will continue with Bitcoin potentially reaching even higher levels in the

near future however despite the excitement surrounding bitcoin’s price rul Paul a renowned Economist has cautioned that a significant correction could be looming in an interview with ran Neer pal predicted a sharp pullback that might surprise many Traders he believes that while

bitcoin’s upward trend is strong Market volatility and regul ulatory changes could trigger a sudden shift in momentum November closed with Bitcoin hitting a new historical Milestone at $96,400 marking its second best month of 2024 with a gain of over 37% this impressive performance has led

many to speculate on further gains but some including pal remain cautious supporting this view Economist Carl manger commented that bitcoin’s current surge is just the beginning a chart shared on X also highlighted bullish signals on the monthly relative strength index RSI suggesting that

while a pullback is likely the longer term outlook for Bitcoin remains positive let’s watch clips from the interview for further insights into Raul Pal’s conversation to stay updated on the latest financial and #1a73e8; text-decoration: none;">Cryptocurrency content like this CashNews.co subscribe to our Channel and turn on post notifications thanks for joining us again enjoy the CashNews.co yeah that’s the one that’s going around Twitter right now but the person who put it up copied our

chart but he used I think an 12 an 8we or 10 eight-week lead we think the best fit is the 12we lead now who knows who’s right in this right you know this is where fitting patterns and hoping it works but generally speaking for me this is a rerun of 2017 it’s very similar and that peaked

out end of deck fell 35% in Jan um for you know like three weeks and then rallied so your hypothesis I think is right I actually think it probably gets to the kind of 110 120 first but you know it’s it’s pretty 50/50 which chart works but really what it’s saying is

Liquidity because of the dollar going up ahead of the election because of rates going up ahead of the election in the fears about Trump and fears about tariffs and stuff like that that what was causing that issue and that does lead

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto prices so a strong dollar as we know is a rocket wrecking ball because it’s tightening Financial conditions um sorry yes it’s tightening Financial conditions so that correction was the strength of the dollar so

money supply is increasing but it was being offset even more so by that recent spike in the dollar which I think is reversing now um you know I think Scott bessent being put into the Treasury is likely to believe in a weaker dollar like to believe in low rates so you think that the

dollar probably topped just just after the elections because of Trump’s talks of tariffs and and making America stronger and everything else but tell tell us why you think that Scott coming into the the the Treasury yeah firstly 2016 Trump exactly the same happened the dollar

went up and rates went up January they all reversed and they continued down all of that period so yeah so we need to go back to 2016 that’s over here so there you go right so what happened is 2016 we had that Spike uh then it came back down for the the rest of 16 and then eventually spiked uh

later from 18 onward so you know that was perfect very similar kind of setup not identical looking but same idea Scott Besson somebody I’ve known for 20 years he was a macro hedge fun guy he’s been to my house in Spain that kind of stuff you know I’ve known him for a long time

Scott gets the picture and if he wants to stimulate growth which which is what he said he said you know the most important thing to try and pay this Debt cycle off is to increase growth and then he talked about a week of dollar and he’s talked about lower rates and he’s

talked about lower oil all of those things say he wants um looser Financial conditions so if that’s the case that’s good for us and our bags essentially do you still see like a like a long run in Bitcoin how do you see for example the next mans playing out you know don’t forget we

had an eight-month consolidation with a 40% range yeah that’s why I ask right so so generally speaking it tens of the explosive coming out the banana zone right and I kind of set people up for the banana Zone and here we are in the banana Zone um so the question we’re in the banana zone

so so we’re in you’re saying we’re firmly in the ban CH how could it not be bananas right 50% in a month yeah how big are the banana how big are the bananas in the Cayman because that’s quite a big banana okay they’re not very big here but um we’re not far from a

lot of big banana plantations in different Islands but um so that’s a decent size banana but that’s the start right because generally speaking the post elction year or what we would call none;">Crypto fall or Crypto Autumn tends to be very strong so it tends to be very strong the macro backdrop is obviously very good because of deregulation new government all of that stuff

so we’ve got a good setup it’s gone far and fast I think everyone’s bit PTSD still so which is why I ER towards the the it probably has one more squeeze because so many people think it needs the correction now R pal believes that bitcoin’s price will continue to soar

reaching even higher levels before experiencing what he describes as Max pain for investors this he predicts will lead to a dramatic correction with prices potentially plummeting by as much as 30% in a very short period of Time Pal draws parallels to bitcoin’s behavior in 2017 when the market

saw similar explosive growth followed by a sudden and sharp pullback the volatility that followed became a defining characteristic of bitcoin’s price action and pal suggests that history may repeat itself one of the most significant factors influencing bitcoin’s future is the regulatory

landscape government regulations play a crucial role in shaping Market sentiment and any changes to bitcoin’s legal status or taxation could have a profound impact on its price trajectory pal points out that regulatory Clarity particularly in major

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Markets like the US and Europe could bolster investor confidence clearer guidelines on bitcoin’s legal framework and tax treatment might encourage more institutional players to enter the market potentially pushing the price

even higher let’s watch more clips from the interview that’s my view it goes up first every thinks oh it’s fine we’re at 110 we’re getting 150 now and then it corrects in everybody’s faces quite sharply you’re saying max pain is another leg up that’s

what you’re basically saying Max p is Max pain is is sending this thing one leg higher yeah one leg highering kind of disbelief and then kind of trapping a bunch of new entrance in and then it does the typical 30% correction in a week and a half and everyone’s like holy what is this

thing I’ve bought you know why did my friend of Thanksgiving tell my you know cousin at Thanksgiving tell me to buy this it’s gone down 30% you know we got to go through that sort of stuff then normally it should rally all the way through till us tax season which is April that’s

that that’s April yeah it’s the March April period it usually is extremely strong going into that and then if it’s very strong then you have a very big correction because everyone needs to pay some Taxes and then normally what happens is it corrects again so you

can see it there in 2020 uh 2021 it then had a 50% correction that time and I’ll come on to that in a sec and then and then it rallies into year end I think we’re closer to a 2017 analogy which was a much stronger back end of the year I think people have real PTSD from last time and I

was actually going through this morning you know what was the key factor that caused the stunted cycle last time it’s because the speed the business cycle up straight out of recession and um how fast Financial conditions peaked they peaked in March of 2021 and the market essentially peaked

there with the second attempt at rally um 2017 peaked way towards the end of the year so it was just the weird setup of the postco you know inject all the Liquidity then oh my God we need to withdraw it that set up I think caused that that cycle while 2017 and 2013 were were more

similar okay and that means a correction over the summer and then a a big rally into year end I’m not sure eth will outperform soul but I’m pretty sure from now on eth outperforms bitcoin cost your mine back to 2020 yes I remember November 2020 that eth really started outperforming

Bitcoin yeah and I think sui outperforms um Soul so that’s my risk stack so the least risky Bitcoin starts to underperform now we’re getting to alt season as Bitcoin dominance Falls eth will do better but salous earlier in the adoption curve so it does better S is earlier than the

adoption curve and riskier so it does better I don’t know if you’ve been following the monthly chart of Doge Bitcoin Doge bitco ugly truth that nobody wants to talk about is really Doge has been outperforming Bitcoin in its existence and it’s just so look at the monthly chart

since the beginning okay so let’s look at that and look at the monthly chart since the beginning here it is so it came out it corrected it outperform it’s causing a flag I mean it has outperformed Bitcoin since it came out by 500% so what are we saying here that doge is harder money

than Bitcoin is that what we’re saying oh sorry outperform Bitcoin by by 160x well 1,6 50% that’s crazy okay that’s something we may joke we may joke about this but it’s been harder money than Bitcoin November 20th 24 was a historic month for Bitcoin with the

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrency surging by 37% but it’s Pal’s analysis that has Traders on edge he believes Bitcoin is primed to hit a local peak of $110,000 by January 2025 setting the stage for even

more explosive gains later in the year Pal’s Outlook is not just a guess he’s closely watching bitcoin’s POS having price Behavior which has historically led to massive price rallies as Bitcoin nears its psychological $100,000 level Pal’s predictions grow Bolder while

Bitcoin briefly touched $99,000 in late November it retraced back to the $96,000 to $98,000 range proving the journey to $100,000 is no easy feat what’s even more mind-blowing is Pal’s long-term forecast the $110,000 peak could be just the beginning in fact Bitcoin advocates Samson mauu

recently warned that the next phase an Omega candle could see Bitcoin Rise by $10,000 a day eventually reaching $1 million per coin as Nations institutions and Retail investors Pile in rul Pal’s bold predictions are setting the stage for a new era in Bitcoin one where the

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto Market could rewrite the rules of wealth but the big question is are we truly on the brink of a Bitcoin Revolution or is this just the Calm before a Monumental crash please share your

thoughts and predictions as well as comments on Raul Pal’s CashNews.co in the comments section below also ensure you like this CashNews.co subscribe to the channel and turn on post notifications for more CashNews.cos like this thanks for watching