Summary:
Bitcoin has recovered the $100,000 zone after a 4% recovery.
Analysts suggest a potential February pump for BTC.
February historically shows 10 out of 12 months with double-digit gains for Bitcoin.
Rekt Capital predicts Bitcoin's next leg up in the coming weeks.
Daan Crypto emphasizes staying above $90,000 and below $108,000 for stable performance.
After a rough start to the week with a red Monday, Bitcoin (BTC) has managed to reclaim the $100,000 zone, bouncing back with a 4% recovery from its previous lows. As the cryptocurrency stabilizes, analysts are speculating whether BTC is gearing up for a February rally.
Choppy January, Double-Digit February?
On Monday, the crypto market experienced a shakeout triggered by a broader sell-off linked to news from DeepSeek's Artificial Intelligence developments. This caused notable drops in altcoins like Ethereum (ETH) and Solana (SOL), which fell 8.4% and 15% respectively, while Bitcoin itself saw a 5% decline.
Bitcoin dipped below the $100,000 mark for the first time in over a week, reaching $98,000. However, it made a strong rebound, recovering crucial support as the day ended and surging to $102,000 by Tuesday morning, although it struggled to reclaim $103,000, fluctuating between $102,000 and $102,990 throughout the day.
Trader Daan Crypto observed that despite the recent drop, Bitcoin remains in the mid-zone of its post-election trading range. He noted, “Right back into the high-volume area within this range. Doesn’t seem like the $100K mark is left behind so easily just yet.”
Daan believes that as long as Bitcoin stays above $90,000 and below $108,000, it will continue to exhibit a decent but choppy performance. He also pointed out that historically, February has been one of Bitcoin’s best months, with 10 out of the last 12 years showing positive returns, sometimes reaching up to 61%.
Similarly, analyst Rekt Capital noted that in post-halving years, Bitcoin has typically seen double-digit profits in February. He highlighted statistics showing 61% gains in 2013, 23% in 2017, and 36% in 2021. In fact, “8 out of the past 12 Februarys dating back to 2013 have produced double-digit upside.”
Bitcoin Next Leg Up Coming Soon
Rekt Capital believes that Bitcoin is on the verge of its next leg up. He explained that Bitcoin has completed its first post-halving Price Discovery Uptrend and its first Price Discovery Uptrend Correction, indicating that BTC is poised to embark on its second Price Discovery Uptrend to new highs in the next two weeks.
Historically, this second phase begins during week 16 of Bitcoin’s Parabolic Phase, and with Bitcoin currently in week 14, the timing seems promising. Rekt Capital advises investors to “Patienlly HODL” in anticipation of the “confirmation of the 2nd Price Discovery Uptrend” expected next month.
Moreover, Bitcoin’s close above $101,200 on Monday has established a “new early-stage Higher Low,” suggesting that if it maintains this level, it could consolidate further up to the Range High at $106,200.
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