Raoul Pal, former Goldman Sachs executive and founder of Real Vision, posted on the X platform that Bitcoin is about to break the huge cup-handle pattern and enter the banana range.
Raoul Pal previously said that the "banana range" represents a highly cyclical stage, when liquidity enters the market and the central bank needs to refinance all debts, using candy to please the people. At this time, cryptocurrencies usually rise vertically. This is a debt refinancing cycle driven by macroeconomic forces, which affects all asset prices, but cryptocurrencies are particularly outstanding. (Cointelegraph)