Beneath the grim shadows of a turbulent Monday, our beleaguered hero, Bitcoin (BTC), has staggered back to reclaim the $100,000 fortress. Rising phoenix-like, it marked a modest yet significant 4% recovery from the preceding day’s despondency. Eager whispers among the crypto analysts suggest that Bitcoin may be girding its loins for a triumphant February rally. Yes, comrade, perhaps even the abyss has its Saturday night.
A January of Turmoil, Yet Hopes for a February of Double-Digit Triumphs?
The market, that capricious beast, shuddered at the mere mention of DeepSeek’s Artificial Intelligence (AI) revelations. The minor minions, Ethereum (ETH) and Solana (SOL), plummeted 8.4% and 15%, respectively, while our valiant Bitcoin dropped a not-so-trivial 5%.
Forced to its knees, BTC slipped sotto voce below the $100,000 milestone—a somber descent to $98,000, the darkest before dawn. But hark! From these infernal depths, it has clawed back, regaining its precious ground as daylight waned.
By Tuesday morn, Bitcoin dared to rise to $102,000 yet stumbled, unable to grasp the $103,000 haven, and languished in the $102,000-$102,990 purgatory throughout the day.
The seasoned trader Daan Crypto, ever the existential smirk on his face, observed that Bitcoin continued its futile dance within the post-election range. “Back into the high-volume purgatory,” he mused. “It appears the $100K line will not be so easily forsaken just yet.”
Daan opined that unless Bitcoin breaks from the chains of $90,000 to $108,000, it will resume this “decent yet tumultuous” path. Yet, he hinted at historical patterns, the cryptic promise of a better February.
Ah, February! According to the oracles, BTC’s second-best month—trailing only October in its green glory. In 10 of the last 12 Februaries, Bitcoin has paraded with pride, marshalling returns as high as 61%, so says CloinGlass.
Similarly, the sagacious Rekt Capital elucidates, detailing double-digit profits in February post-halving years: 61% in 2013, 23% in 2017, and 36% in 2021. “In 8 of the past 12 Februaries, dating to 2013,” they note, “BTC has delivered glorious double-digit ascents.”
Bitcoin Poised for a Monumental Ascendancy?
Rekt Capital, in a flash of erudition, asserts that Bitcoin is primed for its next ascension. The prophecies tell of BTC completing the initial uptrend and subsequent correction of its post-halving Price Discovery journey.
As such, BTC prepares to embark on its next stellar uptrend within two weeks. History recounts that the second phase starts in week 16 of Bitcoin’s Parabolic Phase, and lo, we stand at the cusp of the 14th week.
“In Week 14 of the 2017 cycle, BTC was rising from its initial correction, only to soar in Week 16. And lo, in 2021, the same mythos spoke. By Week 16, new heights were attained,” declares our economic seer.
Thus, with a paradoxical blend of anxiety and optimism, Rekt Capital advises investors to “Patiently HODL” for the imminent fortnight, in quest of the “2nd Price Discovery Uptrend” destined to unfold in February.
Moreover, Bitcoin’s steadfast close above $101,200 on Monday crafted a “new early-stage Higher Low,”—a harbinger that prices may “consolidate further to heights as lofty as $106,200” if retained.
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2025-01-29 09:41