The head of the research department of consulting company Global Macro Investor Julien Bittel claims that bitcoin is on the threshold of the "Banana Zone". Bitcoin is currently in the "Boring Zone" but could soon enter a euphoric “Banana Zone". Is that the case and if so, what will happen in this zone?
Based on Bittel's analysis, it is indeed possible to assume that the bitcoin market is now in the "Boredom Zone" i.e. a period of low price volatility. In his opinion, the " “Banana Zone" lies ahead – a period of sharp gains in the value of bitcoin.
Bittel draws an analogy with the situation after the bitcoin halving in 2016 and believes that the “Boredom Zone” will last until the end of July, while the “Banana Zone” will begin in August, during which the bull run will last until February 2025 with an upside target of $180k.
This is just a forecast based on an analogy with the previous cycle. Actual dynamics may differ. But the above analysis points to the possibility of the onset of "bullish madness" after the current "boredom" phase of the bitcoin market has run its course.