 ▲ Bitcoin (BTC) |
A macroeconomist has projected that Bitcoin (BTC) could reach $120,000 within March.
According to cryptocurrency media outlet Finbold on March 2 (local time), macroeconomist Henrik Zeberg assessed that Bitcoin is highly likely to form a cycle peak in the $110,000 to $120,000 range this month. This implies potential upside of up to approximately 80% from the reported price of $66,052 at the time of writing. He cited expanding risk appetite in financial markets, significant capital inflows into digital asset exchange-traded funds (ETFs), and increased institutional adoption of cryptocurrencies as key drivers.
While presenting $110,000 to $120,000 as his base scenario, Zeberg also left open a 25% probability that Bitcoin could overshoot to $140,000 to $150,000 if momentum proves stronger than expected. He explained that if liquidity and policy conditions remain favorable, a “risk-on” environment could emerge in which investors move toward high-growth assets, with Bitcoin standing to benefit the most.
After reaching an all-time high above $126,000 in 2025, Bitcoin has undergone a correction and is currently trading around the $70,000 level. Volatility has expanded, with prices once falling to the $60,000 range amid geopolitical tensions in the Middle East before rebounding to $68,000. Analysts note that a correction of nearly 50% from the peak mirrors patterns seen in previous cycles.
Zeberg also offered an outlook on altcoins. He projected that Ethereum (ETH) could rise to between $10,000 and $12,000 if its ratio to Bitcoin converges at around 10%. Solana (SOL), characterized as a high-beta asset within its ecosystem, was given a target range of $350 to $500. The common backdrop for these projections is growing institutional capital inflows and improved relative competitiveness driven by network upgrades.
Ultimately, the forecast hinges on the premise that institutional demand through ETFs is cushioning the downside even during corrective phases. Zeberg emphasized that the current pullback may represent a temporary pause within a long-term upward trend. However, whether Bitcoin can actually break above $120,000 will depend on how quickly market liquidity and risk appetite recover.
Disclaimer: This article is for investment reference purposes only, and we are not responsible for any investment losses arising from its use. The content should be interpreted for informational purposes only.