Bitcoin “Banana Zone” is on the horizon, but it will need to reverse these key metrics first to maintain a “sustainable recovery.”
Bitcoin (BTC) could soon enter a euphoric “Banana Zone” phase that could see its price surge, but crypto analysts say there first needs to be a reversal in three key trends.
“Basically, it’s The Boring Zone before The Banana Zone,” Global Macro Investor (GMI) head of research Julien Bittel wrote in a June 18 X post.
The Banana Zone is a term created by GMI founder and crypto OG Raoul Pal to describe a period of significant upward price movement.
