Raoul Pal's Chief Crypto Analyst Says The Bull Market Is Back When This Indicator Hits 45% (It's Now At 11%)
Portfolio Pulse from Khyathi Dalal
RealVision's chief crypto analyst Jamie Coutts suggests a potential bullish shift in the crypto market, with a key indicator needing to hit 45% for confirmation. Currently, only 11% of assets are above their 200-day moving average. Despite recent declines, the risk/reward ratio is favorable for select assets, and liquidity is turning bullish, potentially pushing Bitcoin higher.
September 19, 2024 | 1:02 pm
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Jamie Coutts from RealVision suggests that liquidity has turned bullish, which could push Bitcoin higher. Despite a 55% pullback in the top 200 cryptocurrencies, the risk/reward ratio is favorable for Bitcoin.
Coutts highlights a bullish shift in liquidity, which is a key driver for Bitcoin's price. The favorable risk/reward ratio at current levels suggests potential upside for Bitcoin.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80