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Crypto Potato 2025-01-28 09:25:46

Bitcoin Records Double-Digit Gains in 8 of 12 Februaries: Will History Repeat?

Bitcoin Records Double-Digit Gains in 8 of 12 Februaries: Will History Repeat?

Eight of the past twelve months of February going back to 2013 have seen double-digit gains for Bitcoin, according to Coinglass. The average gain for the second month of the year is 15.6%. Moreover, only two Februaries over the past twelve years have been months of decline, namely in 2014 and 2020. The asset remained flat in February 2018 and 2023, both bear market years. February 2013 saw the largest gain, with a 62% surge over the month, while the second-highest was in 2024, when BTC surged by 43.5%, climbing from $42,580 to $62,560. A Bullish Bitcoin February February 2016, 2017, and 2021 were also bullish for BTC prices, with gains of 20% to 37%. Additionally, 2025 is a post-halving year, and these have all seen positive price action in February. If BTC manages to scrape just the average performance from the past twelve years next month, it could reach a minimum of $118,000. Source: Coinglass The month of March has also historically been good for Bitcoin prices, especially in recent years, with gains in five out of six months since 2019. However, January has not been so productive for the largest cryptocurrency, with a roughly even split between gains and losses for the month historically. The asset is up around 8.5% so far this month, currently trading around $103,000 following a dip to $98,000 on Monday. This is higher than its January average of 3.7%. Ethereum Gains in February February has been even better for Ethereum prices, historically, with an average increase of 17% since 2017. For the past six consecutive years, ETH has jumped in February, the largest gain coming in 2024 when it climbed over 46% from $2,280 to end the month at $3,380. March has also been favorable for ETH, but this January is shaping up to be the fourth one to see a decline. Ethereum has fallen more than 5% since the beginning of the month and is currently trading at around $3,200. If it can match the average performance from the previous Februaries, ETH prices could climb to $3,750, but this would still leave it within the range-bound channel where it has been stuck for the past six weeks. A repeat of performance in February 2024 could see ETH surge to $4,700, however. The post Bitcoin Records Double-Digit Gains in 8 of 12 Februaries: Will History Repeat? appeared first on CryptoPotato .

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