$125,000 BTC ATH Unfolds as Inverse Head & Shoulders Pattern Hints at Bullish Surge in February

News

Robert Kiyosaki Sounds Alarm: Giant Crash Imminent, Urges Shift to Real Assets and Bitcoin

  • Analysts observe historical data and expect February to usher in bullish crypto gains. 
  • Bitcoin could hit its next ATH price set at $125,000. 
  • The BTC price chart sees the completion of an inverse head & shoulders pattern.

The Crypto Fear & Greed Index sports a score of 76 today marking the crypto market’s reentry into the ‘Extreme Greed’ phase. This is likely due to the fact that the price of Bitcoin reclaimed its $106,000 price target which was the indicator an analyst set saying if BTC closes on the daily above $106,000, then new ATHs would arrive soon. 

The Bullish Promise of February

Presently, the price of Bitcoin is at $104,000 seemingly continuing with its bullish sideways movements. Analysts expect the next ATH for Bitcoin price to be $120,000 before the pioneer crypto asset continues to hit higher highs as the year drags on. With the month of January coming to an end analysts seem very eager to see what February will bring. 

https://twitter.com/Cointelegraph/status/1885178694458556792

As we can see from the post above, based on historical data, February has always been a promising bullish green month leading to significant crypto market gains. At the moment, Bitcoin seems to be closing January with a nearly 12% upside. Besides 2014 and 2020, February has always been a good month for the crypto market. 

$125,000 BTC ATH Unfolding

https://twitter.com/Washigorira/status/1885030692964507840

Thus, with bullish expectations for the month of February, sentiments are high once again. Adding to the bullish anticipation, the analyst in the post above reveals that Bitcoin is targeting its next ATH target which is $125,000. He says the completion of an inverse head & shoulders pattern will lead to this inevitable BTC price surge.

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