The cryptocurrency market experienced a sharp sell-off on Monday, largely attributed to the impact of DeepSeekโs AI announcement. Bitcoin dropped 5%, while Ethereum (
$ETH ) and Solana (
$SOL ) declined 8.4% and 15%, respectively.
Bitcoin briefly fell below $100,000, touching $98,000 before recovering by the dayโs close. Since then, BTC has been consolidating between $102,000 and $102,990, struggling to reclaim the $103,000 resistance level. Despite the pullback, Trader Daan Crypto highlighted that BTC remains within its mid-range post-election zone, suggesting that the $100K level is still a significant psychological price point.
Whatโs Next? February Historically Favors Bitcoin ๐
If Bitcoin continues trading within the $90,000 โ $108,000 range, analysts expect sideways movement with potential for upward momentum. Historical trends indicate that February is one of BTCโs strongest months, second only to October. According to CoinGlass data, Bitcoin has delivered positive returns in 10 of the past 12 Februarys, with gains reaching up to 61% in some years.
Notably, Bitcoin has previously seen strong February rallies following its halving cycle:
โ๏ธ 2013: +61%
โ๏ธ 2017: +23%
โ๏ธ 2021: +36%
Bitcoin Gearing Up for Another Surge? ๐
Renowned analyst Rekt Capital believes Bitcoin is preparing for another uptrend phase. The expert explains that BTC has completed its first post-halving "Price Discovery Uptrend" followed by a correction. Historically, this signals the start of a second major rally toward new highs.
If past cycles repeat, Bitcoin's next breakout could occur in two weeks, around Week 16 of the Parabolic Phase. In both 2017 and 2021, Bitcoin saw a correction in Week 14, before surging to new highs by Week 16. With BTC currently in Week 14, history suggests that another upward trend is imminent.
Final Outlook ๐ฅ
With Februaryโs strong track record, historical post-halving trends, and bullish technical signals, Bitcoin appears well-positioned for another rally. While short-term volatility remains, long-term market sentiment continues to favor a breakout toward new all-time highs.
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#Bitcoin #BTC #CryptoMarket #BullishTrend #BTCForecast ๐