Bitcoin Pulls Back, But Raoul Pal Says We’re Entering ‘Phase 2 Of The Banana Zone’
Posted On May 19, 2025
Bitcoin (CRYPTO: BTC) has the last leg of its bull run still ahead, according to new analysis by macro investor Raoul Pal.
What Happened: In a May 18 podcast, Pal said crypto is now entering “Phase 2 of the Banana Zone,” the part of the cycle where liquidity rises and prices accelerate after early-stage consolidation.
With inflation cooling and global liquidity improving, Pal sees conditions aligning for a major bull run through 2025.
He likens the current volatility to Bitcoin’s 2017 cycle, which saw multiple sharp …
About The Author
