Raoul Pal, a co-founder of Real Vision and a former Head of Hedge Fund Sales for Goldman Sachs in Europe, recently said that BTC is targeting $50,000 next as the chart for the coin is starting to flip bullish.
After peaking at $42,000 earlier this month, the cryptocurrency has settled toward $31,000, which is over 25 percent off those highs.
Analysts remain confident that this malaise won’t stop the trajectory of the market in the medium to long term, with investor Raoul Pal saying that $50,000 is not out of the cards for the leading cryptocurrency.
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