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Macro investment expert and Real Vision CEO Raoul Pal suggests that Bitcoin 
$104,373 is on the verge of a significant rise due to increasing global liquidity. He shared insights with his one million followers on social media platform X, highlighting that Bitcoin’s value correlates positively with global liquidity. A chart he provided indicates that the leading cryptocurrency could reach as high as $90,000 by November.
Bitcoin and Increasing Global Liquidity
Pal emphasizes the historical relationship between Bitcoin and global money supply (M2), suggesting that Bitcoin is preparing for a major breakout. He stated, “Very close. GMI (Global Macro Investor) Total Global Liquidity and BTC.” This relationship underscores the potential for Bitcoin to surge as liquidity conditions change.
Julien Bittel’s Insights
Real Vision macro expert Julien Bittel echoed the sentiment, noting that macroeconomic conditions are injecting more liquidity into the market, which is favorable for risky assets like Bitcoin. He remarked, “Hang in there, bulls. It felt like being trapped in a ‘Boring Zone’, but there is finally light at the end of the tunnel. Liquidity is increasing again and Bitcoin, being extremely sensitive to changes in liquidity conditions, has impressive potential to move as fresh liquidity flows into the system.”
As of the article’s writing, Bitcoin is trading at $60,219, showing an increase of over 3% in the last 24 hours. Experts’ positive expectations regarding rising global liquidity indicate that Bitcoin may experience significant movement in the near future. However, given the volatile nature of the cryptocurrency markets and the uncertainty of macroeconomic factors, it is crucial for investors to remain cautious and closely monitor the market.
