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Bitcoin could be heading for a major rally according to Real Vision founder and macro expert Raoul Pal. Speaking to his YouTube subscribers Pal said that the global money supply also known as Global M2 is strongly linked to the price of Bitcoin. Based on current trends Pal predicts that Bitcoin could jump by around 28% in the coming weeks.
The macro expert explained that Bitcoin’s movement is being driven by liquidity rather than global events or speculation. He pointed out that earlier signals correctly predicted a correction near $75,000 in April and now show a path to new all-time highs. Pal believes Bitcoin could reach over $140,000 by July.
He added that while Bitcoin usually follows the global money supply it will eventually break away and outperform it. As more investors join the market driven by fear of missing out prices could rise faster than expected before eventually slowing when fear returns.
