Bitcoin New High In 2 Weeks? Analysts Eye February Rally
One week after the Red Monday, Bitcoin (BTC) restored a $ 100,000 area and obtained a 4 % recovery rate from yesterday’s low. After recovery, some encrypted analysts suggested that BTC may prepare for the February pump.
Related reading
January rose, two digits in February?
On Monday, the cryptocurrency market suffered a vibration generated by DeepSeek’s artificial intelligence (AI). informationEssence Cong coins such as Ethereum (ETH) and Solana (SOL) have decreased by 8.4 % and 15 %, respectively, while Bitcoin decreased by 5 %.
Flagship cryptocurrencies dropped to less than $ 100,000 for the first time more than a week, and fell to $ 98,000 on Monday. However, it experienced a strong rebound. With the end of the day, it restored a key support area.
After soaring to $ 102,000 on Tuesday morning, Bitcoin could not Recycle $ 103,000, moving at a price range of $ 102,000 to $ 102,990.
Trader Daan Crypto pointed out that despite the decline, Bitcoin still moved in the middle after the election. “Back to the high -amount area within this range. It seems that it is not so easy to leave $ 100,000 trademarks.” He wrote.
DAAN believes that as long as Bitcoin does not break through or exceeds $ 90,000 or $ 108,000, the price will continue with its “decent but unstable” performance. However, he suggested that Bitcoin can take a better price action next month based on his historical performance.
The trader pointed out that February has already been In history The second month of BTC is second only to October. According to CLOINGLASS, in the past 12 years, Bitcoin’s green performance has continued 10 times this month, with a monthly return of 61 %.
Similarly, Rekt Capital said that in the later period, Bitcoin saw The double -digit profit in February was 61 % in 2013, 23 % in 2017, and 36 % in 2021. Analysts added: “In the past February 12th, it can be traced back to 2013. In 2013, 8 places have produced a double -position rising space.”
The next one of Bitcoin is coming soon
Rekt Capital also believes that BTC is preparing for the next leg. The analyst explained that Bitcoin completed the rising trend and the rising trend of the rising trend after the first remarks.
this suggestion BTC “should be able to start the second price to discover the upward trend in the next two weeks.” According to Rekt Capital, the second stage starts from historically, the 16th week of the Bitcoin parabolic stage, Bitcoin is currently starting from the 14th week.
“In the 14th week of the 2017 cycle, Bitcoin was restored to the 16th week from its first price,” the analyst introduced in detail.
Related reading
As a result, Rekt Capital suggestion In the next two weeks, the investor “Patienlly HODL” will start next month because “confirmation of the second price discovery upward trend” will begin next month.
And Bitcoin on Monday The closing price is higher than $ 101,200, and the “new early and higher low” has been developed. If the price continues to exceed this level, you can see that the price “further merge here to the range of up to $ 106,200”.
Special images from unsplash.com, chart of tradingView.com
