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.
- 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.
Read here about Ethereum price.
And here about markets data.