Real Vision founder: Bitcoin will break through the cup and handle pattern and enter the banana range

ChainCatcher news, former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, stated on social media, "Bitcoin is about to break through a huge cup-and-handle pattern and enter the banana range."

Raoul Pal previously mentioned that the "banana range" is a concept frequently discussed by Arthur Hayes and himself. It is a highly cyclical phase when liquidity enters the market, and central banks need to refinance all debts, sweetening the deal for the people. At this time, cryptocurrencies usually surge vertically. This is driven by macroeconomic forces during the debt refinancing cycle, affecting all asset prices, but cryptocurrencies tend to perform particularly well. So the simplest approach is not to mess it up. Maintain a core portfolio with most of the asset allocation in major cryptocurrencies. If you can get it right with other assets, you can make a lot of money in that 10-20% of the portfolio, which carries higher risk but also greater returns.