March 2021 Will be Different form March 2020
The crypto space had witnessed a serious drop in the month of March 2020 by crashing to the lowest levels under $4000. However, March 2021 is expected to be more fruitful as the price is expected to hit $50K as per a popular analyst and an ex-Goldman Sachs exec.
Raoul Paul, predicts that Bitcoin price may rally to hit $50,000 in March 2021. He says that Bitcoin may bash the barriers of FUD and fear and will have a good chance to hit $50K in March 2021.
The CEO of Bitcoin Exchange, Coin Corner, Danny Scott posted the developments in the bitcoin space this week. In the past couple of days this week,
- Rothschild investment corp announced an increase in Grayscale holdings.
- Marathon group buy $150 million of Bitcoin
- Harvard, Yale, etc buying Bitcoin
- Publicly Chinese gaming company The9 bought 26,007 ASICs which is a device designed for the sole mining of digital currency like Bitcoin
The BTC Plunge Fear Continues
Bitcoin price is witnessing a major consolidation phase in order to get ready for a major breakout. However, the trouble of visiting below $30,000 is still not vanished. One of the popular analysts, The Moon has predicted a BTC price may revisit $28,000.
According to the analyst, the price chart has formed a head and shoulders pattern, and if the BTC price breaks the neckline, it may slide down to $28,000.
Collectively, the Bitcoin price rally is expected to continue further in the coming month and as per the analysts, the price may hit even $50K in March 2021. The other positive events do indicate a similar projection in the crypto space. Hence, BTC price may rally high in 2021 and may also surpass the target to fly high.