Raoul Pal: Three Price Prediction Charts (BTC, ETH, SOL) Are ‘Pure Magic’
According to Raoul Pal, ex-Goldman Sachs executive and macro analyst, three price prediction charts on Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) are performing like clockwork. “We know how this plays out,” he said.
Bitcoin (BTC)
The Real Vision CEO, shared a comparison on a recent episode of Crypto Banter podcast, on Bitcoin’s current market cycle to that of 2012-13, predicting BTC to surpass $250,000 for the end of this bull run.
“I’ve been using this for over a year, and it’s been pure magic…It gives us a pretty clear target, and it’s been magic. It gave me the strength through the bear market to keep adding, thinking ‘we know how this plays out.’”
Source: Raoul Pal
Ethereum (ETH)
Pal also looked into Ethereum’s price trend from 2016 compared to Bitcoin’s from 2011 to 2019.
“And so here’s Ethereum VS Bitcoin in 2017. It’s been pretty damn good. In fact, I’ve got this as a real-time chart on my Bloomberg and it almost works to the day right now, it’s so close.”
Source: Raoul Pal
Solana (SOL)
Finally, Pal brought up a chart showing how smart contract platform Solana (SOL) is following the same path as Ethereum in 2016-2017. Should SOL stay on the track, it would priced above $800 in April 2022.
“The Ethereum price now is pretty exactly in line with the Bitcoin price in 2017. And here’s Solana at the price as ETH, growing faster as a network, but the chart is identical again. It’s crazy.”
