Bitcoin Price May Hit $50k in March – Predicts Former Goldman Sachs Exec


    Bitcoin price is expected to gear up from February after completing the correction phase post mega rally of Dec 2020 - Jan 2021

    According to Ex-Goldman Sachs Exec Raoul Paul, Bitcoin price may touch $50K in March 2021.

    The founder of one of the biggest asset management company provides ideas so that Bitcoin can hit $70K in 2021

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.

Show More

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Back to top button