Real Vision founder: Bitcoin is about to enter the banana range
Raoul Pal, a former Goldman Sachs executive and founder of Real Vision, wrote on the X platform that bitcoin is about to break the huge cup handle pattern and enter the banana range. Raoul Pal has previously said that the "banana range" represents a highly cyclical stage, when liquidity enters the market and the central bank needs to refinance all its debt to please the people with candy. At this time, cryptocurrencies usually rise vertically. This is a debt refinancing cycle driven by macroeconomic forces, affecting all asset prices, but cryptocurrencies are particularly prominent.