Real Vision founder Raoul Pal said Bitcoin has broken a downtrend on the weekly BTC/Nasdaq 100 chart and is likely to outperform the Nasdaq 100 going forward. He pointed to Bitcoin’s move from about $75,580 to above $81,000 after the Federal Reserve raised interest rates by 25 basis points to a 3.75% to 4.00% range. Pal also said fiscal dominance and debt refinancing demand should add liquidity, a backdrop he sees as supportive for crypto assets. The remarks were cited by Bitcoin.com News and carried by Odaily as a news brief. The statement ties Bitcoin’s relative strength to macro liquidity conditions rather than to a standalone crypto-specific catalyst, with Pal framing the move against the Nasdaq 100 as a technical break on the weekly chart.
Real Vision founder Raoul Pal said Bitcoin has broken a downtrend against the Nasdaq 100 on the weekly chart, and he expects BTC to outperform the Nasdaq 100 in the period ahead.
Pal said that after the Federal Reserve raised rates by 25 basis points to 3.75% to 4.00%, Bitcoin climbed from about $75,580 to above $81,000.
He also said fiscal dominance and debt refinancing demand would increase liquidity and support crypto assets.
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