While 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 stated that he expects a major rise in March, set a price target of $110,000-$120,000 for Bitcoin.
Renowned macroeconomist Henrik Zeberg has revealed his expectations for March and set ambitious price targets for Bitcoin this month.
Zeberg argued that Bitcoin could rise to between $110,000 and $120,000 within a month. He attributed this rise to a strong combination of increased investor risk appetite, sustained inflows into spot Bitcoin ETFs, and institutional investor adoption. According to the analyst, markets typically shift quickly from fear to aggressive buying. Current geopolitical pressures ease, and investors turn back to growth-oriented assets. Bitcoin and cryptocurrencies could greatly benefit from this situation.
Analyst X stated in a post that their primary scenario forecast was between $110,000 and $120,000.
The analyst, summarizing his second scenario, added that if the rally continues, Bitcoin could rise to $140,000-$150,000.
What Will Happen to the Prices of Ethereum and Solana?
Zeberg also shared his predictions for Ethereum (ETH) and Solana (SOL), in addition to Bitcoin.
The analyst, who predicted that the ETH/BTC ratio would move towards 10% for Ethereum, foresaw that this would push the Ethereum price between $10,000 and $12,000.
He also predicted a price range of $350 to $500 for Solana, should the anticipated general market rise occur.
*This is not investment advice.
