- Bitcoin seems set to close February in red.
- This would make this February the second-worst in BTC history.
- Seasoned analysts see another major leg up for BTC price shortly.
The crypto crash that took the price of Bitcoin (BTC) from $98,000 to $80,000 has been a brutal hit for late crypto holders. Despite the low dip, seasoned analysts remain steadily bullish and have noticed that altcoins continue to hold strong. Presently, Bitcoin seems set to close February in red.
Bitcoin Seems Set to Close February in Red
In detail, this red close in February for Bitcoin (BTC) would mark the second-worst February in history. Looking back, the other steep decline was in 2014 when BTC fell by 31% by the end of the month as highlighted by the image shown in the post above. Thus, crypto market conditions seem rocky and the fear sentiment grows strong.
As mentioned above, seasoned analysts remain cautiously optimistic. So far, many analysts have predicted highly bullish cycle top prices for Bitcoin (BTC) for this bull market cycle peak. This expectation is taking BTC price predictions from $113,000 ATH target prices to that of $250,000 to $350,000.
Another Bullish Leg Up Remains for Bitcoin
To highlight, many reputed analysts and economic leaders like Robert Kiyosaki are behind these predictions. Likewise, seasoned analysts and long-term holders remain unshaken by this week’s prolonged BTC price dip. As we can see from the post above, another reputable analyst shares a bullish sign stating that another big leg up seems to be in Bitcoin’s recent future.
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