Crypto analyst and long-term crypto investor Jelle has highlighted an interesting historical pattern that suggests that February could be bullish for Bitcoin. This would no doubt be a relief for BTC investors who have to deal with a bearish January for the flagship crypto token.
Why February Could Be Bullish For Bitcoin
Jelle stated in an X (formerly Twitter) post that “February should be strong” for Bitcoin “if history keeps repeating itself.” The history which he alludes to is the pattern where February turns out to be a green month for Bitcoin after it has seen a bearish January and had closed in the green for the last four months of the previous year.
Data from Coinglass shows that the only other times (2015 and 2016) BTC closed the last four months of the year in the green, it went on to record a bearish January and a bullish February after that. Last year, Bitcoin closed September, October, November, and December in the green, thanks largely to the frenzy around th
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