The “magical” similarity between Bitcoin, ETH, SOL charts and that is the price target

Macro expert Raoul Pal says three price prediction charts for Bitcoin, ETH and SOL work like “magic”.

In a new Crypto Banter podcast, Real Vision’s co-founder and CEO compares Bitcoin’s current market cycle with the 2012-13 cycle and suggests a price target of over $ 250,000 for the end of this bull run.

“I’ve been using this for over a year and it’s pure magic … it’s pretty clear on purpose and it’s the magic that drives it during a bear market.”

Source: Raoul Pal

Then the former CEO of Goldman Sachs offered another chart that compares the price development of Ethereum from 2016 to Bitcoin from 2011 to 2019.

“And here is Ethereum vs. Bitcoin in 2017. It’s pretty good. In fact, here’s a real-time chart on my Bloomberg and it works mostly today because it’s so close. ”

Source: Raoul Pal

Finally, Pal gives a chart showing that the Solana (SOL) smart contract platform is embarking on the same path that Ethereum took in 2016-2017. If this continues, SOL will hit over $ 800 by April 2022.

“ETH is now pretty close to the price of BTC in 2017. And here are Solana and ETH growing faster as a network, but the chart is the same. Is crazy. ”

Source: Raoul Pal

Trader Cantering Clark suggests that SOL could be the fastest horse in the crypto bull market. He posted a chart of the daily collection of various cryptocurrencies and noted that although Bitcoin attracts all the attention on its $ 60,000 rally, SOL is quietly outperforming the market.

“There are many reasons for SOL to exist up to this point. Have you seen the trend yet? Even on a day when Bitcoin is in the spotlight, SOL still does better. ”

The source: Gallop Clark / Twitter

Looking at Bitcoin and the crypto market in general, Clark said he takes a simple view and sees the upcoming launch of a Bitcoin Exchange Traded Fund (ETF) as a bullish catalyst that will drive prices higher.

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Annie

Bitcoin magazine

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