Cryptocurrency and Commodities Markets Poised for Significant Rally

1. Market analyst Michaël van de Poppe believes both cryptocurrency and commodities markets are undervalued.
2. Commodities are currently valued at levels similar to 2000 and 1971.
3. Van de Poppe expects a 10-year bull market for commodities and crypto assets.
4. Analysts predict a Bitcoin breakout in October, potentially triggered by the Federal Reserve meeting.
5. Raoul Pal suggests a rise in global liquidity will drive a Bitcoin bull rally.
6. Bitcoin could rally above $90,000 based on historical chart patterns.

Summary :
Market analyst Michaël van de Poppe believes that both the cryptocurrency and commodities markets are undervalued and could experience a significant rally. He points out that commodities are currently valued at levels last seen in 2000 and 1971, suggesting that they could enter a 10-year bull market. Additionally, there is speculation of a Bitcoin breakout in October, potentially triggered by the Federal Reserve meeting on September 18. Raoul Pal, founder and CEO of Global Macro Investor, predicts a rise in global liquidity, which could drive the next Bitcoin bull rally. This is due to leading economies needing to refinance their debts. The correlation between Bitcoin's price and the M2 money supply further supports this prediction. Another analyst, Titan of Crypto, suggests that Bitcoin could rally above $90,000 in a three-month period, based on historical chart patterns. However, there is also the possibility of September downside before the next leg up, which could be influenced by the Federal Reserve meeting.

Sources :

- CoinTelegraph