Macro economist Henrik Zeberg has outlined a compelling case for Bitcoin (BTC) surging to between $110,000 and $120,000 this month.
Zeberg attributed this anticipated rally to a mix of heightened danger urge for food throughout monetary markets, substantial inflows into exchange-traded funds (ETFs) centered on digital belongings, and rising adoption by main establishments searching for publicity to cryptocurrencies.
In an X publish on March 1, Zeberg famous that his main outlook positions Bitcoin at a cycle peak inside the $110,000 to $120,000 vary, representing vital upside from its present ranges. Certainly, the goal implies a doable 80% enhance from Bitcoin’s press-time worth of $66,052.
Zeberg additionally thought-about a much less doubtless however doable extension of the rally, assigning a 25% chance to Bitcoin overshooting to between $140,000 and $150,000 if market momentum intensifies past expectations.
“Bitcoin rallies to $110–120K within the main situation – fueled by Threat-On Fever, ETF inflows, and continued institutional adoption. There’s a secondary situation at $140–150K (25% chance) ought to momentum overshoot right into a extra prolonged cycle high,” he mentioned.
His framework emphasizes the position of broader financial situations in fostering a risk-on atmosphere, the place buyers shift towards high-growth belongings like cryptocurrencies amid favorable liquidity and coverage indicators.
Crypto market outlook
Past Bitcoin, the economist prolonged his evaluation to different main digital belongings, projecting Ethereum (ETH) to succeed in between $10,000 and $12,000 as its ratio to Bitcoin converges round 10%, reflecting improved relative efficiency pushed by comparable institutional curiosity and community upgrades.
However, Solana (SOL), positioned as a high-beta play inside the ecosystem, might climb to between $350 and $500, benefiting from amplified volatility and adoption in decentralized functions.
Latest market developments present context for Zeberg’s optimistic view, with Bitcoin at the moment buying and selling round $70,000 following a pointy correction from its 2025 excessive of over $126,000.
Analysts word that this pullback, nearing 50%, aligns with historic patterns however could also be mitigated by institutional involvement by ETFs, which have cushioned declines in comparison with previous cycles.
Certainly, this outlook comes at a time when Bitcoin has confronted elevated volatility, together with a pointy dip towards $60,000 amid geopolitical tensions involving U.S. and Israeli strikes on Iran, earlier than rebounding to as excessive as $68,000.
The cryptocurrency has been beneath strain since its 2025 excessive above $126,000, coming into what many describe as a bearish consolidation part.
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