Raoul Pal, CEO of Global Macro Investor, forecasts that Bitcoin could reach an impressive $73,777 by November. This prediction comes despite Bitcoin's recent drop below $60,000. Pal remains optimistic about Bitcoin's potential, leveraging Wyckoff’s Accumulation model to support his stance.
In agreement with Pal, analyst MartyParty identifies Bitcoin as being in a crucial phase poised for a significant breakout. This phase is characterized by accumulation, a stage where price suppression is noted before a notable rise.
The analysts suggest that the upcoming U.S. elections further bolster the chance of a Bitcoin price surge. Such political events often influence financial markets, adding another layer of complexity to price predictions and market behavior.
