Bitcoin Preparing For A February Rally? Analyst Says New High Is Two Weeks Away 📈
Bitcoin has bounced back strongly after a beginning-of-week dip, reclaiming the $100,000 mark. Analysts anticipate a February rally for BTC, with historical data suggesting strong monthly returns in the past. Bitcoin’s latest recovery fuels optimism about potentially reaching new highs soon.
The flagship cryptocurrency experienced a significant setback due to market reactions to AI-related news but regained strength quickly. As Bitcoin navigates its current price range, traders acknowledge the pivotal role of February's history in predicting double-digit gains. As Bitcoin embarks on its post-halving journey, investors are advised to hold on for potential growth.
The analysis emphasizes that Bitcoin could initiate its second Price Discovery Uptrend. Rekt Capital points to historical patterns predicting a strong upward trend could unfold within weeks, thanks to key technical indicators showing early signs of consolidation at higher levels.
Source: www.newsbtc.com ↗
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