There have been all kinds of Bitcoin predictions these days, and despite the massive correction that the king coin has been seeing following multiple bullish moves, they continue to be optimistic.
At the moment of writing this article, Bitcoin is trading in the red, and the king coin is priced at $31,394.78.
Bitcoin could be gearing up for a new rally in February
It’s been just revealed that the former Goldman Sachs executive and current Real Vision CEO Raoul Pal says Bitcoin could be refuelling for a massive rally in February.
You are probably aware by now of the fact that BTC has faced a steady stream of fear, uncertainty and doubt in recent weeks and some analysts say that these elements are exactly what caused the correction in price that took place.
Following a period of consolidation, Raoul said that BTC might be poised to begin another bullish move and break out.
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 $50k by March. Let’s see… I remain, as ever, #irresponsiblylong. pic.twitter.com/wzfPmCMoOS
— Raoul Pal (@RaoulGMI) January 25, 2021
The online publication the Daily Hodl notes that Pal, who has until now been invested in Bitcoin and Ethereum, just said that he’s officially expanded his portfolio to include ten additional altcoins.
He’s allocating 5% of his portfolio to smaller coins, but on the other hand, he also said that he has no plans to make his new investments public.
“I know you are all asking for my 10 alts picks, but I won’t release it publicly. Not because it’s some amazing analysis (it’s really not – just an equally weighted basket) but because I don’t want to look like I’m pumping less liquid stuff. It’s really just the usual stuff in it.”