Bitcoin Bull Raoul Pal Drops A New Prediction About BTC’s Price

There are all kinds of predictions about the price of Bitcoin these days. It’s already obvious that the king coin managed to find support above $19k and it will probably try and re-test $20k again soon.

But, before breaking $20k, Bitcoin could see a correction. While this may seem scary for some traders, investors know that this will only be another chance to get in cheaper.

Raoul Pal expected to see a Bitcoin correction

Real Vision chief executive and Bitcoin advocate Raoul Pal just dropped a  warning that a large Bitcoin correction may be on the horizon.

In a few tweets, he told his followers that Bitcoin shows a sign that it had reached a local top.

As the online publication the Daily Hodl notes, Pal is using the DeMark indicator to time entry and exit opportunities.

“When the DeMark sequential indicator flashes a reading of 9, traders take it as a sign that a pullback is in sight. A signal of 13 points to trend exhaustion,” the online publication mentioned above said.

He also noted the following:

He continued and said: “This all puts the odds of a larger correction in play, not a certainty, but top patterns across 3-time series are something to take seriously and if you are not a long-term HODLer, you might consider some caution in merited. Let’s see…”

Anyway, at the moment of writing this article, BTC is trading in the green, and the king coin is priced at $19,265.16.

FX Street notes that Bitcoin bulls are focused on reclaiming the ground above $19,000 and pushing for gains to $20,000.

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