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These Bitcoin, Ethereum and Solana Price Prediction Charts Are Pure Magic, According to Macro Guru Raoul Pal

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Macro guru Raoul Pal says three price prediction charts for Bitcoin, Ethereum and Solana are working like “pure magic.”

In a new Crypto Banter podcast, the co-founder and chief executive officer of Real Vision compares Bitcoin’s current market cycle to that of 2012-13, suggesting a price target of over $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.’”

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Source: Raoul Pal

The former Goldman Sachs executive then pulls up another chart that compares Ethereum’s price trend from 2016 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 [because] it’s so close.”

Source: Raoul Pal

Lastly, Pal brings up a chart that shows how smart contract platform Solana (SOL) is following the same path Ethereum did in 2016-2017, which if continued would land SOL 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.”

Source: Raoul Pal

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Bitcoin Forecast BTC/USD December 9, 2021

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BTC/USD are traded at 50905 and continue to move as part of the correction and the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 955,717,657,523. Moving averages indicate a short-term bearish trend for Bitcoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of ”Digital Gold” and a potential continuation of the fall in the value of the asset already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 9, 2021, we should expect an attempt to develop a correction in the value of a digital asset and a test of the resistance level near the area of ​​54275. Where can we expect a rebound down again and an attempt to continue the fall in the Bitcoin rate with a target below the 41955 area.

Bitcoin Forecast BTC/USD December 9, 2021

An additional signal in favor of a fall in BTC/USD quotes will be a test of the trend line on the relative strength index (RSI). The second signal in favor of this option will be a rebound from the upper border of the descending channel. Cancellation of the option to drop the Bitcoin rate and value will be a strong growth in the value of the asset and a breakdown of the 57455 area. This will indicate a breakdown of the resistance area and continued growth in the Bitcoin rate with a potential target at 65055. Confirmation of the fall in the price of the asset will be a breakdown of the support area with the price fixing below 46055.

Bitcoin Forecast BTC/USD December 9, 2021

Bitcoin Forecast BTC/USD December 9, 2021 suggests an attempt to test the resistance level near the area of ​​54275. And further, the cryptocurrency will continue to fall with a potential target at 41955. An additional signal in favor of a decline in the Bitcoin rate will be a test of the resistance line on the relative strength index (RSI). Cancellation of the cryptocurrency fall option will be a strong growth and a breakdown of the 57455 area. This will indicate a continued rise with a potential target above the 65055 area.

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Bitcoin Consolidates, Ethereum Inches Higher, LUNA Flips DOGE

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  • Bitcoin price is struggling to settle above the USD 50,000 resistance.
  • Ethereum targets USD 4,400, XRP is up almost 5%.
  • LUNA jumped 13% and entered the top 10 club.

Bitcoin price corrected lower and tested the USD 49,000 region. BTC is relatively stable and is currently (04:24 UTC) facing resistance near USD 50,000. A close above USD 50,000 may perhaps push the price towards USD 52,000.

Besides, most major altcoins are gaining bullish momentum. ETH surpassed USD 4,350 and may perhaps gain strength above USD 4,400. XRP is up almost 5% and it is attempting a clear move above USD 0.85. ADA is rising towards the key USD 1.40 resistance.

Total market capitalization

Source: tradingview.com

Bitcoin price

After a move below USD 50,000, bitcoin price found support near the USD 49,000 level. BTC started a fresh increase but is trying to reach USD 50,000. A close above USD 50,000 and USD 50,500 might open the doors for more upsides. The next major resistance for the bulls is near the USD 52,000 level.

An immediate support on the downside is near USD 49,200. The next major support is near the USD 49,000 level, below which the price could test USD 47,500.

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Ethereum price

Ethereum price found support near the USD 4,200 region and started a fresh increase. ETH cleared the USD 4,350 resistance level and is showing positive signs. A clear move above the USD 4,400 and USD 4,420 levels could set the pace for a larger increase.

On the downside, an initial support is near the USD 4,350 level. The next key support is now forming near the USD 4,220 level.

ADA, BNB, SOL, SHIB, and XRP price

Cardano (ADA) settled above the USD 1.35 level and is approaching the USD 1.38 resistance. The main hurdle is still near USD 1.40, above which it may perhaps rise towards the USD 1.465 level.

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Binance coin (BNB) gained almost 6% and cleared the USD 600 resistance. An immediate resistance is near USD 612. A move above USD 612 could even push the price towards USD 630.

Solana (SOL) found support above the USD 180 level. It is recovering losses and trading near USD 190. An initial hurdle is near USD 195 but the main hurdle is USD 200. On the downside, the USD 180 level is a strong support.

SHIB is trading in a positive zone above the USD 0.0000355 level. It is trimming losses and trading near the USD 0.0000370 level. If there are additional gains, the price could test the USD 0.000038 zone. The next major resistance is near the USD 0.000040 level.

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XRP price gained almost 5% and even cleared the USD 0.850 resistance zone. If the bulls remain in action, the price might test the USD 0.88 resistance. If not, there could be a fresh decline towards the USD 0.800 support zone.

Other altcoins market today

Many altcoins are up over 5%, including WAXP, NEAR, CELO, HT, EOS, AMP, AAVE, LUNA, LRC, RUNE, 1INCH, and GRT. Out of these, LUNA flipped DOGE and entered the list of the top largest cryptoassets by market capitalization. The price is up 13% and is trading above USD 76. It’s also up by 18% in a week. Meanwhile, CELO and NEAR rallied around 20%, while BTT stopped its rally, correcting 11% in a day.

Overall, bitcoin price is consolidating near the USD 50,000 level. If BTC gains strength above USD 50,000, it could start a fresh increase towards USD 52,000 in the near term.

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Macro Guru Raoul Pal Betting on Bitcoin, Ethereum and Nine Additional Altcoins – Here’s His Current Crypto Portfolio

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Real Vision chief executive Raoul Pal is revealing most of his crypto portfolio for public viewing.

In a new interview with Thinking Crypto, the former Goldman Sachs executive says that he primarily started out as a Bitcoin (BTC) investor then switched most of his BTC into Ethereum (ETH).

Pal says he then built a basket of 10 equally weighted large-cap altcoins. He later added the smart contract platform Solana (SOL) to his portfolio as well.

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In an interview last week, the Real Vision CEO noted 82% of his portfolio is in ETH.

He says in his new Thinking Crypto interview that one of the smaller crypto assets he owns has seen such a significant surge in price that it’s ballooned into becoming his second-largest holding.

“What’s fascinating is my second-largest holding now, from an equally weighted basket, second to Ethereum, is Sandbox.

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I’m bought in, it just went up 20x in the last month and a half, which is crazy.

I mean I would not take that position, second-largest position in Sandbox, but that’s where it is, and I’m not rebalancing for the time being.”

The Sandbox (SAND) is an Ethereum-based virtual world that allows fans of video games to build, own and monetize their gaming experiences. The project’s native token, SAND, is used to transfer value, secure the network and govern the protocol.

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Pal also mentions that he bet on the Ethereum-powered decentralized virtual gaming world Decentraland (MANA). Decentraland’s native token, MANA, is used as a means of exchange.

The Real Vision CEO says he has also bet on a handful of decentralized finance (DeFi) projects, including the lending protocol Aave (AAVE), the decentralized exchange Uniswap (UNI), and the smart contract platform Polkadot (DOT).

Additionally, Pal notes that he’s made a couple of bets on social tokens, including Chiliz and Rally.

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Chiliz (CHZ) is a platform for tokenizing sports and esports in order to encourage fan engagement.

Rally (RLY) is a decentralized network that enables creators and brands to monetize their content and offer community benefits.

Pal also says he owns XRP, citing the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the payments company Ripple as a primary factor.

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