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Bitcoin Prediction Raoul Pal

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Real Vision CEO and macro investor Raoul Pal is predicting that Bitcoin could more than triple in value from the current price, while Ethereum could nearly quadruple.

“This is not a certainty. It is a probabilistic outcome. For me, $20k ETH and $200k BTC is a shoe in (70% + chance)”

Pal says that currently, Bitcoin is replicating the price behavior it displayed in 2013: “BTC continues to follow 2013 very well.”

The Real Vision founder also says that there’s a “decent chance” that the current Bitcoin bull cycle could play out for a longer period than previous ones resulting in a Bitcoin price closer to $400K with an Ethereum price of $40,000.

In other trending Bitcoin News today: Analyst Suggests Bitcoin’s Bottom Could Be $50K Assuming BTC Surpasses $200K This Cycle!

“If we apply that same area to the current rant, we get an end-of-cycle target for Bitcoin between $207,000 and $270,000,” the analyst adds. Following the end cycle outlook, Bennett details that the last three bear markets that followed the bull cycles have “produced corrections of 94%, 87%, and 84% respectively.”

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

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