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Bitcoin is bouncing back this week as a sudden surge challenges weekly highs. In what should provide some desperately needed confidence to bulls, Bitcoin gained momentum and is looking to cross the $32k mark.
In contrast to recent weekly closes, Bitcoin has now sealed nine red weekly candles in a row, something never seen before in its history. And that makes us ponder; just how bearish is the largest cryptocurrency going into June? The macro-environment remains troubled, while retail interest is nowhere to be seen and calls for a deeper capitulation remain.
That said, should it continue its latest strength, Bitcoin still stands a chance of breaking out of its current trading corridor.
In today’s video, Real Vision CEO, global macro investor and cryptocurrency bull Raoul Pal updates about “Peak Fear Sentiment” in Bitcoin markets right now, why he is more bullish on Ethereum over Bitcoin and what will happen if inflation becomes negative.
Title: Raoul Pal & 3 Crypto Experts Agree That THIS Is The Ultimate Buy Signal!
Channel: Crypto Banter
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0:00 – Intro
0:57 – Why is Raoul Pal seeing “Peak Fear Sentiment” in Bitcoin markets right now?
2:48 – What does Raoul Pal’s crypto investment strategy looks like?
3:22 – Is the global economy heading for a recession?
5:03 – Can Ethereum outperform Bitcoin?
5:32 – What will happen if inflation goes negative?
#Bitcoin #Ethereum #WealthyValue
? Hey, I’m Gio. I spend countless hours every day learning and watching videos about crypto and the world economy. I realized how difficult it is to find useful content in a sea of noise, so I teamed up with some skilled friends and started my own YouTube channel. Wealthy Value is a place where we share what we’re learning about crypto, finance, and value creation.
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