Raoul Pal, a former executive at Goldman Sachs, predicts that Bitcoin (BTC) and the rest of the cryptocurrency market will experience a sustained uptrend in the near future. In an interview with crypto trader Scott Melker, Pal highlights the historical trend of risk assets, such as Bitcoin and crypto, rallying during the fourth quarter of a presidential election year.

According to Pal, the final quarter of an election year is always a volatile period for all assets. He believes that there is a very high probability of a significant surge in prices by autumn. Pal states, “I mean, how long before ETH, Bitcoin [and] SOL break their recent highs? It could be two weeks. It could be two months. It doesn’t really matter, but then it accelerates.”

Earlier this year, Pal mentioned that politicians often provide stimulus packages during elections, leading to increased inflation and higher prices for digital assets. Currently, Bitcoin is valued at $64,500.

Pal also analyzes Solana (SOL) and shares a chart indicating that the altcoin seems to be following its diagonal support while trading within a triangle structure. He suggests that if investors are looking to add to their SOL position, the current entry zone might be a good opportunity. Pal expects a significant rise in prices for SOL in the autumn.

A triangle structure is typically seen as a continuation pattern that usually resolves in the direction of the prevailing trend. Based on Pal’s analysis, it appears that SOL is still in an uptrend. As of now, Solana is valued at $134.72.

Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are done at one’s own risk, and any losses incurred are the responsibility of the individual. This article does not recommend the buying or selling of any cryptocurrencies or digital assets, nor does it serve as investment advice. The Daily Hodl participates in affiliate marketing.