Bitcoin: Raoul Pal Fair Value at $160000

Bitcoin fair value sits at $160000 according to Raoul Pal, as @CryptoMichNL confirmed after their @new_era_finance discussion. The October 10 breakdown removed substantial liquidity, preventing the market from lingering near $60000 levels. BTC price prediction models now factor in rapid upside once sentiment flips.

Price action at $63093.7 trades below both EMA50 at $64070.97 and EMA200 at $63849.96, confirming the bearish trend structure. MACD at -362.74 prints a death cross while RSI(14) at 39.57 remains neutral inside the Bollinger band between $62371.81 support and $65264.25 resistance. A test of upper band resistance combined with the neutral RSI points to a likely retracement toward the 50-EMA before any continuation higher. Crypto market crash scars from last October continue to shape current liquidity dynamics.