Raoul Pal Debunks $75K Bitcoin Drop, Says Market is in the Banana Zone
- Bitcoin is currently battling to rise above the $94,500 mark.
- Raoul Pal explained the phases of the ‘banana zone’.
- The CEO addressed the speculation about BTC retesting $75,000 levels.
Bitcoin has moved into the green zone, rising above $94,000 after briefly dipping below $92,500. Many are now questioning its uncertain movement and what might happen next. Amid the market uncertainty, founder of Real Vision Raoul Pal, on a recent podcast opened up about the concept of the “Banana zone.” The CEO also took to X (formerly Twitter) and wrote, “we are still in the Banana Zone.”
What Is the Banana Zone?
Raoul Pal explained the Banana Zone as a sequence of phases Bitcoin undergoes within its market cycles. The first stage typically involves a rapid surge in price, as we saw when Bitcoin soared from $50,000 to $100,000. After such a sharp increase, the market tends to correct, often causing panic among investors. However, this correction is a normal part of the cycle, and while it may seem concerning in the short term, it usually precedes the next phase: Altseason.
The Phases of the Banana Zone
1. The Initial Surge
In the first phase, Bitcoin exp…
The post Raoul Pal Debunks $75K Bitcoin Drop, Says Market is in the Banana Zone appeared first on Coin Edition.
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Raoul Pal Debunks $75K Bitcoin Drop, Says Market is in the Banana Zone
- Bitcoin is currently battling to rise above the $94,500 mark.
- Raoul Pal explained the phases of the ‘banana zone’.
- The CEO addressed the speculation about BTC retesting $75,000 levels.
Bitcoin has moved into the green zone, rising above $94,000 after briefly dipping below $92,500. Many are now questioning its uncertain movement and what might happen next. Amid the market uncertainty, founder of Real Vision Raoul Pal, on a recent podcast opened up about the concept of the “Banana zone.” The CEO also took to X (formerly Twitter) and wrote, “we are still in the Banana Zone.”
What Is the Banana Zone?
Raoul Pal explained the Banana Zone as a sequence of phases Bitcoin undergoes within its market cycles. The first stage typically involves a rapid surge in price, as we saw when Bitcoin soared from $50,000 to $100,000. After such a sharp increase, the market tends to correct, often causing panic among investors. However, this correction is a normal part of the cycle, and while it may seem concerning in the short term, it usually precedes the next phase: Altseason.
The Phases of the Banana Zone
1. The Initial Surge
In the first phase, Bitcoin exp…
The post Raoul Pal Debunks $75K Bitcoin Drop, Says Market is in the Banana Zone appeared first on Coin Edition.
Read More