Halving Precedence
According to Julien Bittel, a macro expert from Real Vision, Bitcoin is about to experience a parabolic rally based on historical patterns. Bittel explained that Bitcoin is currently in a “boring” phase before a predicted “banana” rally, which has historically occurred after halving events when miners’ rewards are halved.
Patience Required
Bittel described the current price action as typical of the halving period, with a sharp correction followed by sideways trading and a final dump. He emphasized the importance of patience, as prices are expected to rise again after this “boring zone.”
Target Price
Bittel’s chart suggests that Bitcoin could reach $240,000 by May 2025.
Solana’s Potential
Real Vision CEO Raoul Pal believes that Solana (SOL) may have reached a market bottom. He suggests that this could be a good entry point for investors looking to add to their SOL positions. Pal’s chart indicates that SOL is forming a bullish trendline pattern, suggesting a potential for further growth.
