As the $3.5 trillion cryptocurrency market witnesses a decline in Bitcoin $101,912 prices, historical data suggests that February may exhibit strong performance. Reports indicate that market participants are closely monitoring price movements and critical support levels.
Expert Opinions
Expert Mister Crypto anticipates an average return of 14.46% for February, highlighting last year’s impressive 43.55% return. The expert emphasized the importance of a cautious approach in alignment with current trends.
Mister Crypto: “Being cautious in price movements may be beneficial.”
According to Glassnode’s analysis, Bitcoin has traded between $94,000 and $101,000 over the past 45 days. This indicates that the area around $98,000 could serve both as a resistance and support zone.
Glassnode: “If the price consolidates within this range, this area could streng…