Raoul Pal Predicts Bitcoin Bull Market May Extend to 2026
Raoul Pal, macro analyst and founder of Real Vision, predicts the current Bitcoin bull market may extend into 2026, contrary to the common expectation of a peak in 2025. His analysis draws on macroeconomic indicators, historical price behaviors, and liquidity metrics.
Key Points from Raoul Pal's Analysis
- Global M2 money supply is pivotal for Bitcoin and risk assets.
- Current liquidity trends resemble those of 2017, suggesting potential for crypto growth.
- Pal links economic expansion (ISM Manufacturing Index above 50) to Bitcoin price increases.
- If ISM rises significantly, Bitcoin could exceed $300,000.
- Solana and Ethereum remain key portfolio components despite recent pullbacks.
- Altcoins typically outperform Bitcoin in the latter half of bull cycles.
- Large pullbacks are normal in crypto markets; current cycle has seen seven corrections over 20% while maintaining a 600% gain from lows.
- The market is currently in a correction phase, with expectations of recovery by April-May.
- Pal suggests caution against leverage and emotional trading.
- Market patterns indicate a prolonged cycle, emphasizing patience and strategic portfolio construction.
At press time, BTC is priced at $88,617.
