It seems that despite the massive tensions that the world is witnessing these days, some factors show the fact that we might be seeing a huge crypto rally that’s supposed to take place soon. Check out the latest reports about these price boosters here.
Real Vision CEO and global macro guru Raoul Pal explained that what we are seeing in the crypto market these days is mimicking other important bulls that took the prices straight to the moon.
The crypto market mirrors March of 2020Pal recently said on Twitter that the crypto market is currently mirroring March of 2020. You may remember that this was during the early phase of the Covid-19 pandemic when asset prices crashed before staging a strong recovery.
Check out his relevant tweet below.
This moment in Crypto feels a lot like March 2020 – Back then we threw the worse possible news at it (a pandemic and a global shut down) and it fell very sharply but failed to make a new low.
Back then BTC turned up 10 days before the NDX. But bonds led Crypto.
— Raoul Pal (@RaoulGMI) March 1, 2022
He continued and said more interesting things that are worth noting. Here’s another tweet from his thread.
Bonds are suggesting the same – growth is going to evaporate.
It’s a bit early to tell but pay attention. It might also be the end of the tech sell off soon.
— Raoul Pal (@RaoulGMI) March 1, 2022
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $41,419.
Bitcoin could bounce back strongerThe other day, we were addressing some other important optimistic predictions about the price of Bitcoin.
Bitcoin was able to make a spectacular price bounce, and more investors are wondering what the specific trigger is. Check out the latest reports which are trying to shed some light on this issue.
An important crypto analyst is currently searching for clues as to why Bitcoin (BTC) suddenly broke to the upside after weeks of price action that had been sideways at best.
Check out our previous article in order to learn more details about this.
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