Raoul Pal Predicts 3x Rally For Bitcoin (BTC) And 5x For Ethereum (ETH)

Widely followed macro strategist and investor Raoul Pal predicts that Bitcoin could go up in value more than 3x from its current price, while Ethereum could appreciate closer to 5x.

Pal shared with his 697.4K followers on Twitters that there’s more than a 70% probability of Bitcoin hitting $200,000 and Ethereum reaching $20,000.

“This is not a certainty. It is a probabilistic outcome. For me, $20,000 ETH and $200k BTC is a shoo in (70% + chance). What outperforms and how this plays out is anyone’s guess…”

This is not a certainty. It is a probabilistic outcome. For me, $20k ETH and $200k BTC is a shoe in (70% + chance)

What outperforms and how this plays out is anyones guess…
— Raoul Pal (@RaoulGMI) October 21, 2021

According to the strategist, Bitcoin is following its 2013 price behavior.

“BTC continues to follow 2013 very well.”

Pal says that that there’s a quite good chance that the current Bitcoin bull cycle could play out for a longer period than previous ones.

“I think there is a decent chance (not a certainty) that this BTC cycle extends longer in time and higher in price…”

I think there is a decent chance (not a certainty) that this BTC cycle extends longer in time and higher in price… pic.twitter.com/mCnZ3bswCK
— Raoul Pal (@RaoulGMI) October 21, 2021

If Ethereum keeps on following Bitcoin’s 2017 bull run pattern, it could potentially even reach $40,000 by the end of the first or second quarter of 2022, says the market analyst.

“And ETH…bigger move…$40,000 by March/June would only be one standard deviation overbought versus trend.”

And ETH…bigger move…$40k by March/June would only be 1 standard deviation overbought versus trend. pic.twitter.com/eUYqNDVupG
— Raoul Pal (@RaoulGMI) October 21, 2021

Regarding if Ethereum could go down 90%, similarly to what happened in 2018 after the bull run, Pal doesn’t think so.

“No. It will go down much less, IMHO (in my humble opinion)”.