Bitcoin rally needed affirmation by Raoul Pal | Zoom Fintech
Raoul Pal said maybe it’s time for the Bitcoin rally.
The bitcoin and cryptocurrency markets have started showing signs of life again after the stagnant price that has been occurring for weeks. The consolidation, which started in May, lasted until the first week of July, and there are now slight fluctuations in altcoins.
Dogecoin Achieves 100% Improvement
Although Bitcoin has been stuck between $ 9,000 and $ 10,000 for a very long time, this transfer in altcoins should quickly point to BTC. Dogecoin, one of the many trending cryptocurrencies, has seen a 100% improvement recently due to purely TikTok and FOMO causes.
In addition, Cardano in the top 10 cryptocurrencies has also increased by over 25%. The variety of cryptocurrencies that have achieved such surprising rises within the Prime 100 has recently risen, catching the eye of renowned macro analyst and investor Raoul Pal. Pal points out that these developments are the start of the Bitcoin bull market.
Stating that we are going to see the crypto rally very quickly, Pal pointed out that there may be a small break in the Bitcoin chart and that FOMO will start if the coin formation recovers.
– Raoul Pal (@RaoulGMI) July 8, 2020