CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
BitcoinSistemi 2025-01-31 14:13:08

A New Month Begins in Bitcoin! Is BTC Loving February? What Does Historical Data Indicate?

After the US Central Bank left the policy rate unchanged during the week, FED Chairman Jerome Powell made statements. Powell, who also spoke about Bitcoin and cryptocurrencies, moved the BTC price upwards. While investors continue to expect an increase, a new month begins in Bitcoin. So, let's look at the answers to the questions: Does Bitcoin like February? How did it perform in previous Februarys? How Did Bitcoin Perform in Previous February Months? When we look at Bitcoin's performance over years and months, we notice that declines are concentrated in certain months and increases are concentrated in certain months. When we look at the Bitcoin monthly return table above, we see that, in general, August and September are the months of decline; February, July, October and November are the months of increase. February, which is usually a bullish month, has only closed in the red twice in the last 12 years. Bitcoin, which has increased in February of the remaining 10 years, closed in the red only in 2020 and 2014, according to CoinGlass data. Bitcoin increased at rates ranging from 0.03% to 61% in the next 10 years. At this point, analysts expect Bitcoin to rise in February 2025, based on historical data showing that February is the third best performing month for Bitcoin. *This is not investment advice. Continue Reading: A New Month Begins in Bitcoin! Is BTC Loving February? What Does Historical Data Indicate?

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.