Raoul Pal – Bitcoin Could Breach $50,000 in February January 28, 2021 January 28, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Bitcoin NewsJanuary 28, 2021 by Kelly Cromley

Raoul Pal – Bitcoin Could Breach $50,000 in February

Raoul Pal, CEO of Real Vision and former executive of Goldman Sachs, has stated that Bitcoin (BTC) could be consolidating and building up steam for a huge surge next month.

Bitcoin had been under pressure due to cautious approach of investors and uncertainty about Biden administration’s stance on cryptocurrency market as a whole. Even rumors have played a part in the 27% correction from about $42,000 to $30,000.

Raoul expects Bitcoin to start rallying after a short period of consolidation.

“Feels like BTC is getting ready to climb the wall of FUD fear. Positive seasonality and a nice wedge give it a good chance to hit $50,000 by March. Let’s see… I remain, as ever irresponsibly long.”

Pal, who has been investing only in Bitcoin and Ethereum so far, has decided to officially increase the depth of his portfolio by adding ten more altcoins.

He is setting aside 5% of his portfolio to cryptos with smaller capitalization, but states that he has no intention to reveal his investments.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.