RATE Group | Bitcoin Heads Into Historically Positive February on a Bullish Note
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Bitcoin Heads Into Historically Positive February on a Bullish Note

31 Jan Bitcoin Heads Into Historically Positive February on a Bullish Note

Posted at 14:02h in Cryptocurrency News by

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  • Bitcoin’s January surge has put the bulls into the driver’s seat, opening the doors for a continued rally into five figures.
  • A minor pullback to $9,000 could be seen in the next 24 hours or so, with intraday indicators are flashing bearish signals.
  • The overall bull bias will remain intact as long as prices are holding above recent lows near $8,200.

Bitcoin is holding its bullish trend while heading into the historically strong month of February

The top cryptocurrency picked up a bid below $7,000 on Jan. 3 and has been on an upward trajectory ever since, rising to three-month highs near $9,570 on Thursday, according to CoinDesk’s Bitcoin Price Index.

At the current price of $9,350, bitcoin is up 30 percent on a month-to-date basis – its best January performance since 2013.

Additionally, the cryptocurrency is on track to register a double-digit monthly gain for the first time since June 2019, when prices had rallied by 26 percent. And January’s 30 percent rally is its best…

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