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Coin Edition 2025-01-30 15:15:00

Bitcoin Eyes February Gains: Powell Comments a Plus?

February has been one of the best months for Bitcoin in terms of returns. Bitcoin’s price has been moving within a key range in the last few days. The positive seasonality of February, combined with favorable price patterns could be beneficial for the market. As we start February, Bitcoin’s price has been active, recently rising from around $100k to $105k. This comes after Federal Reserve Chair Jerome Powell confirmed that U.S. banks can offer services to cryptocurrency customers. This news has caused a lot of excitement, especially in the Bitcoin market. With February here, a month often known for strong Bitcoin performance, Powell’s statement could be a positive boost for the market. Right now, Bitcoin is facing key price levels: the $106k mark is an important resistance level, while the $101k-102k price range is a key support. If Bitcoin can stay above these levels, there’s a good chance it could keep moving up through the month. Typically, February brings solid returns , with Bitcoin averaging 15.66% gains in this month, and even higher returns in some years like 2017 and 2021. As analyzed by an expert, Bitcoin tends to experience its monthly lo… The post Bitcoin Eyes February Gains: Powell Comments a Plus? appeared first on Coin Edition .

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