According to Raoul Pal bitcoin, Ethereum and wither He stated that the three price prediction charts for the coin worked like “pure magic” and shared his analysis of the three cryptoassets.
Speaking in the new episode of the “Crypto Banter” podcast series, Real Vision co-founder and CEO Raoul Pal compared Bitcoin’s current market cycle to the one in 2012-2013 and stated that the current bullish movement in BTC is still in a much more early stage. According to Pal, the target for BTC/USD is above $250,000!
“I’ve been using this analysis for over a year now, and it’s like ‘pure magic’… (This chart) gives us a pretty clear goal, and it’s magic. Stating that he continues to add more thanks to the bear market, Pal said, referring to this method, ‘we know how it turned out’.
Pal also compared the price trend of Ethereum between 2011-2016 with the price trend of Bitcoin and interpreted the results.
“And here is Ethereum vs. Bitcoin (Competition) did pretty well! Frankly, I got[this chart]as a real-time chart on your Blogberg, and it seems to really work right now (because) there’s very close competition.”
Finally, Pal showed a graph showing how smart contract platform Solana (SOL) followed the path Ethereum took in 2016-2017; If this continues, we could see SOL above $800 in April 2022.
“Ethereum’s price is currently very much in line with the Bitcoin price pattern in 2017. And Solana follows Ethereum’s price pattern, SOL is also growing faster as a network, despite all that, the charts are the same. This is downright madness!”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.