13.5 C
Manchester
October 4, 2022
Image default
Bitcoin

Raoul Pal: Bitcoin correction will take 2 more weeks –

Former Goldman Sachs executive director and current Real Vision CEO Raoul Pal believes it could take another two or three weeks for the Bitcoin chart to correct itself.

Raoul Pal: We will wait a few more weeks for the growth

Looking at the chart, Pal says Bitcoin could potentially lose over 20% more. from the current value. The cryptocurrency is reportedly likely to drop to support levels of around $ 40,000. However, the head of Real Vision has good news. It’s only a matter of 2 or 3 weeks. After that, the correction should be completed.

As he added, “The tax season has an impact on it.” He probably means that investors are currently collecting funds to pay income tax for 2020.

While Pal is short-term pessimistic about BTC, he continues to maintain that his long-term outlook for a leading cryptocurrency is very optimistic. He believes that it will eventually “shine”.

When asked if he is adding cryptocurrencies to his wallet now, Pal says no, but only that he has no… cash right now.

– No cash, but if I had, I would He explained.

In December, Pal sold all of his gold holdings to put a huge percentage of his net liquid wallet in Bitcoin and Ethereum. A month later, he revealed that he was allocating 5 percent. your portfolio for cryptocurrency assets with smaller capitalization. However, he did not say which projects he meant exactly.

BTC is currently trading

Bitcoin currently costs $ 49,615, or 1.8%. more than yesterday and as much as 10 percent. more than 7 days ago. In turn, Ether has to be paid for $ 1,666, which translates into over 6%. increase on a 24-hour scale and over 20% price jump on a weekly basis.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and other cryptocurrencies, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will find out how you can efficiently create one: LINK.

Related posts

Binance burns record amount of BNB tokens |

Aparnna Hajirnis

Amazon is expected to accept bitcoin payments this year

Aparnna Hajirnis

BTC will be the best investment of 2021 – says Raoul Pal –

Aparnna Hajirnis

Leave a Comment