As Bitcoin continued to fluctuate between $70,000 and $63,000 in February, one analyst made an incredible prediction for the $BTC price.
The analyst, who said he expects a significant rise in March, set a price target of between $110,000 and $120,000 for Bitcoin.
Renowned macroeconomist Henrik Zeberg revealed his expectations for March and set ambitious price targets for Bitcoin this month.
Zeberg argued that Bitcoin could reach between $110,000 and $120,000 within a month. He attributed the rise to a strong combination of increased investor risk appetite, sustained flows into spot Bitcoin ETFs, and adoption by institutional investors. According to the analyst, markets generally move quickly from fear to aggressive buying. Current geopolitical pressures are easing and investors are turning to growth-oriented assets. Bitcoin and cryptocurrencies could greatly benefit from this situation.
Analyst
The analyst, summing up his second scenario, added that if the rally continues, Bitcoin could reach $140,000 to $150,000.
What will happen to Ethereum and Solana prices?
Zeberg also shared his predictions for Ethereum ($ETH) and Solana (SOL), in addition to Bitcoin.
The analyst, who predicted that the $ETH/$BTC The ratio would move towards 10% for Ethereum, predicted that this would push the price of Ethereum between $10,000 and $12,000.
He also predicted a price range of $350 to $500 for Solana, if the expected general market rise occurs.
*This does not constitute investment advice.
