➡️ 5 COINS TO $5 MILLION: Teeka Tiwari REPLAY:
Raoul Pal of Global Macro Investor is breaking down the potential paths ahead for Bitcoin as the BTC halving approaches.
He says Bitcoin is currently in one of the best positions of any asset he’s ever seen, trading inside a “perfect wedge” that he believes is a precursor to a massive new bull run.
Pal’s first depiction of the wedge using traditional charting techniques has the Bitcoin price targeting $40,000. But when switching to a log price scale to get a long-term perspective, Pal says the BTC price is on a trajectory to $1 million.
Using linear regression channels, which highlight the upper, lower and middle portions of a trend or price move, Pal says BTC displays a move to $400,000 to $1 million. He says his analysis aligns with Bitcoin predictions from the anonymous strategist PlanB.
“Whatever plays out, after a key technical break like today, the probability of vastly…