Former Goldman Sachs executive Raoul Pal stated that the cryptocurrency market could follow a strong upward trend by the end of 2024. In an interview with cryptocurrency analyst Scott Melker, Pal noted that Bitcoin $98,081 and other cryptocurrencies could achieve remarkable gains in December based on historical data.
Year-End Rally Expectations
Pal emphasized that there is typically a “Christmas Rally” in the market towards the end of the year. “During this period, stock markets tend to rise in the last five business days of December and the first two business days of the new year. The same trend can be observed in cryptocurrencies,” Pal stressed, indicating that he anticipates a rise around these dates. However, he believes that the…
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