The beginning of the "macro summer" rally could help Bitcoin price reach a new all-time high and rally well into 2025, according to Raoul Pal.
Bitcoin and gold could be on track to a significant price breakout as macroeconomic conditions improve.
The beginning of “macro summer” could lead to a Bitcoin (BTC) price breakout in the near term, according to Raoul Pal, the founder and CEO of Global Macro Investor, who wrote in a July 29 X post:
The “Banana Zone” is a term coined by Pal to describe a period of significant upward price movement. In this case, it suggests that Bitcoin price could break out to a new all-time high.
