PRO | Wen Banana Zone? 🍌

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It’s time that we return to the age-old question, posed by modern day philosopher Raoul Jerome Pal:

“Wen Banana Zone?”

(Jerome isn’t his actual middle name btw – but could you imagine??).

In late July, we shared a PRO report suggesting the market might be nearing a turning point, with hopes of an upward move into the banana zone 🍌 

While we didn’t lift off as we had hoped (damn the summer doldrums), the crypto market DID bottom just 2 weeks later.

So now, the big question is— since summer is over, is now the time to be bullish??

We believe it is. 

And we are going to use this report to explain why…

Let’s start with a chart showing Bitcoin (finally) breaking out, and flipping last cycles resistance into support – which we believe could act as a launch pad through Q4 2024 and into 2025.

And here’s where it gets really exciting—we’re seeing a breakout of that long-standing monthly trendline!

On top of that, the Total Crypto Market Cap has been quietly building strength, with three higher lows and now working on a third higher high. It’s also breaking out of a declining channel. These are all classic bullish signals, suggesting the market is gearing up for something big. The momentum is there, and everything points to good things ahead.

While the charts are looking good, it’s still all about macro and geopolitics.

There are a few headwinds that market participants are wary of, including tensions in the Middle East, uncertainty around the upcoming U.S. presidential election, and concerns about the U.S. economy. 

That said, we believe there are even stronger tailwinds on the horizon that could push the market upward despite these challenges.

Take a look at the chart below—it highlights how many rate cuts occurred globally in September.

In total, there were 26 cuts, making it the 4th largest month for central bank policy rate reductions this century. 

We often focus on the U.S., but rate cuts are happening all around the world. 

While these cuts might have a smaller immediate impact on the markets, they send a clear message: a lot of new money is going to flow into the global economy eventually. 

But it's not just rate cuts we want to focus on today. There are several other potential catalysts that we believe will drive prices up in the near future. 

So, today we’ll cover:

• How strong Bitcoin’s Q4 seasonality is

• How the U.S. will flood the markets with $1 trillion

• Why China urgently needs to take action to save its economy

• The health of the broader crypto market, and whether it’s set for upside

Before we dive in, we want to say something important: 

If you're feeling uncertain about the markets or considering (crypto) capitulation for any reason, that’s often the most bullish signal!

Look at it from a different perspective. This is what markets do—again and again. 

Some people understand the long-term game, block out the noise, and stay focused. 

…meanwhile, others get distracted by short-term noise and miss the bigger picture, failing to give enough weight to the right metrics.

The chart below highlights the wealth gap between Wall Street and Main Street. 

On one hand, Ferrari (Wall Street) is racing to all-time highs, while Dollar General (Main Street) is struggling at its lows. 

It’s the classic story—those at the top are getting richer, while the everyday person...well, not so much.

Next time you’re making an investment decision, ask yourself: Are you playing the Wall Street game or following the Main Street path? 

Because while one side keeps winning in the markets, the other is often left behind.

Without further ado, let’s dive right in!