{"id":329475,"date":"2024-06-23T15:17:17","date_gmt":"2024-06-23T09:47:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=329475"},"modified":"2024-06-23T15:17:17","modified_gmt":"2024-06-23T09:47:17","slug":"crypto-approaching-banana-zone-when-risk-assets-utterly-rip-according-to-raoul-pal-heres-the-timeline-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-approaching-banana-zone-when-risk-assets-utterly-rip-according-to-raoul-pal-heres-the-timeline-crypto-news\/","title":{"rendered":"Crypto Approaching \u2018Banana Zone\u2019 When Risk Assets Utterly Rip, According to Raoul Pal \u2013 Here\u2019s the Timeline &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Former Goldman Sachs executive Raoul Pal believes that a period of sustained uptrend is coming for Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) and the rest of the crypto market.<\/p>\n<p>In a new interview with crypto trader Scott Melker, the macro guru points out that historically, risk assets like Bitcoin and crypto tend to witness rallies during Q4 of a presidential election year.<\/p>\n<p><em>\u201cLook, the backend quarter of an election year is true banana zone for all assets. It always is. So you know that you\u2019ve got a very, very, very high probability that by autumn things are utterly ripping. <\/em><\/p>\n<p><em>I mean, how long before ETH, Bitcoin [and] SOL break their recent highs? It could be two weeks. It could be two months. It doesn\u2019t really matter, but then it accelerates.\u201d\u00a0<\/em><\/p>\n<p>Earlier this year, Pal <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/2024\/02\/11\/impending-elections-and-mass-stimulus-to-be-very-positive-for-crypto-says-real-vision-founder-raoul-pal\/\">said<\/a> that politicians tend to \u201chand out candy\u201d in the form of stimulus packages during elections, which leads to higher inflation and in turn, higher prices for digital assets.<\/p>\n<p>At time of writing, Bitcoin is worth $64,500.<\/p>\n<p>Looking closer at Solana (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/solana\/\">SOL<\/a>), Pal shares a chart indicating that the altcoin appears to be respecting its diagonal support while trading in a triangle structure.<\/p>\n<p><em>\u201cIf you wanted a cheeky top-up of your SOL position, this would likely be a good entry zone\u2026 let\u2019s see! The bananas are slowly ripening\u2026but should be magnificent in the autumn.\u201d\u00a0<\/em><\/p>\n<figure style=\"width: 2364px\" class=\"wp-caption aligncenter\"><figcaption class=\"wp-caption-text\">Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/RaoulGMI\/status\/1803009317823451498\">Raoul Pal\/X<\/a><\/figcaption><\/figure>\n<p>A triangle structure is often seen as a continuation pattern that tends to resolve in the direction of the prevailing trend. Based on Pal\u2019s chart, he appears to suggest that SOL remains in an uptrend.<\/p>\n<p>At time of writing, Solana is worth $134.72.<\/p>\n<p><iframe loading=\"lazy\" title=\"Raoul Pal: The Banana Zone Is Coming, Get Ready Now!\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/nkHumSV7TeA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><em><span style=\"font-size: 10pt\">Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former Goldman Sachs executive Raoul Pal believes that a period of sustained uptrend is coming for Bitcoin (BTC) and the rest of the crypto market. In a new interview with crypto trader Scott Melker, the macro guru points out that historically, risk assets like Bitcoin and crypto tend to witness rallies during Q4 of a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":215199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-329475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=329475"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329475\/revisions"}],"predecessor-version":[{"id":329479,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/329475\/revisions\/329479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/215199"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=329475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=329475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=329475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}