Bitcoin's Fair Value Hits $160k According to Raoul Pal
Raoul Pal's Bitcoin price prediction is gaining attention in the crypto community. According to him, the fair value of Bitcoin sits at $160,000. This comes after a discussion with CryptoMichNL on New Era Finance, where they confirmed this figure.
The October 10 breakdown had a significant impact on the market, removing substantial liquidity and preventing prices from lingering near $60,000 levels. Price action has been trading below both the EMA50 at $64,070.97 and EMA200 at $63,849.96, confirming a bearish trend structure.
The MACD is printing a death cross while the RSI(14) remains neutral inside the Bollinger band between $62,371.81 support and $65,264.25 resistance. This suggests that a test of upper band resistance combined with the neutral RSI points to a likely retracement toward the 50-EMA before any continuation higher.
Crypto market crash scars from last October continue to shape current liquidity dynamics, which may influence Bitcoin's price in the short term.