Real Vision Analyst: Bitcoin Nearing Post-Halving Parabolic Growth Phase

Real Vision’s macro expert Julien Bittel predicts Bitcoin (BTC) is nearing a parabolic phase, citing historical patterns. 

Bittel, sharing insights with his 69,400 followers on X, notes Bitcoin’s current “boring” phase often precedes a post-halving “banana” rally, typical after miners’ rewards halve. He outlines the sequence: a pre-halving pump, sharp correction, sideways trading, sentiment nuking dump, and a return to price ascent. Bittel’s chart analysis suggests Bitcoin may reach $240,000 by May 2025. 

Meanwhile, Real Vision CEO Raoul Pal, addressing his 1 million followers, suggests Solana (SOL) might have bottomed out, indicating a potential bullish trendline pattern. Pal advises considering an entry into SOL, hinting at ripening opportunities ahead. Solana is currently trading at $136, up over 2% in the last 24 hours.

Clever Robot News Desk 22^nd June 2024