Macro guru and Real Vision chief executive Raoul Pal says that Bitcoin (BTC) and other top altcoins are all looking strong despite choppiness in crypto markets.
In a new thread on the social media platform X, the ex-Goldman Sachs executive says that Bitcoin, Ethereum (ETH), Solana (SOL) and Sui (SUI) are printing bullish patterns on their higher time frame charts.
“We remain in the midst of the greatest macro trade of all time. All the wiggles and the timeline FUD (fear, uncertainty and doubt) are just noise. All you require to capture it is not be too far out on the risk curve, not using leverage and the ability to have patience and zoom out.”
Pal says that Bitcoin remains in a bullish trend on the weekly chart where it is consolidating well above the trendline connecting its prior all-time highs in the $60,000 range.
“It’s a puzzle and also sad to see so many bearish and nervous in crypto when BTC looks like this. Please zoom out.”
Bitcoin is trading for $95,444 at time of writing, down 1.7% in the last 24 hours.
Next up, Pal suggests that ETH is trading within a bullish triangle pattern on the weekly chart, and is gearing up for a breakout after bouncing off of the lower trendline near the $2,600 range.
“Or when ETH looks like this. Please zoom out.”
ETH is trading for $2,737 at time of writing, up 1.4% in the last 24 hours.
He next shares a weekly chart of Solana that suggests SOL remains in an uptrend and may be gearing up to reclaim the $200 level as support.
“Or when SOL looks like this. Please zoom out.”
SOL is trading for $179 at time of writing, up 6.1% in the last 24 hours.
Lastly, he suggests that Sui is poised to repeat a historic pattern of flipping the resistance of a descending trendline and printing new all-time highs.
“Or when Sui looks like this. Please zoom out.”
SUI is trading for $3.19 at time of writing, down 3.8% in the last 24 hours.
Bill Barhydt, CEO of crypto services firm Abra, is also extremely bullish on BTC, ETH, SOL and SUI.
He believes that economic policies under US President Donald Trump may inject a huge amount of liquidity into the markets causing crypto assets to soar to astronomical prices.
“My base case for for current crypto cycle:
- Bitcoin: $350,000.
- Ethereum: $8,000.
- Solana: $900.
- Sui: $25.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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