Raoul Pal Forecasts Crypto Bull Run Extending into Q2 2026
Real Vision CEO Raoul Pal predicts the current cryptocurrency bull market could extend into Q2 2026, drawing parallels with the 2017 cycle. Pal’s analysis hinges on two macro factors: a proprietary business cycle score below 50, indicating a prolonged risk-on environment, and a weakening U.S. dollar that boosts liquidity and supports crypto demand. He argues that a slow-rising business cycle score and dollar devaluation create tailwinds for Bitcoin and altcoins beyond typical post-halving timelines. Traders should consider a longer accumulation window, maintain disciplined risk management, and explore diversified altcoin positions. Monitoring macro indicators like the U.S. dollar index and global economic health remains essential.
Bullish
Pal’s projection of an extended bull market driven by macroeconomic factors is inherently bullish. A low business cycle score suggests prolonged investor risk appetite, while a weakening dollar typically fuels capital flows into cryptocurrencies. Historically, dollar weakness during quantitative easing cycles coincided with strong crypto rallies in 2020–2021. In the short term, traders may see sustained upward momentum and should manage pullback risks. Long term, the extended timeline allows for strategic accumulation and diversification across altcoins, reinforcing market stability and growth prospects.