Bitcoin and Ethereum: Analyzing February’s Bullish Trends for BTC and ETH
Bitcoin and Ethereum – Historically, February has been a bullish month for Bitcoin (BTC), with eight out of the last twelve Februaries (dating back to 2013) seeing double-digit gains, according to data from Coinglass. The average February gain for Bitcoin stands at 15.6%. Notably, February 2013 saw the largest gain, with BTC surging by an impressive 62%. More recently, 2024 witnessed a 43.5% increase, as BTC rose from $42,580 to $62,560.
The second month of the year has proven beneficial for Bitcoin in several post-halving years, including 2016, 2017, and 2021, with gains ranging from 20% to 37%. With February historically being a strong month for Bitcoin, if it follows the average performance, BTC could see a minimum price of $118,000 by the end of the month.
Ethereum’s February Gains
For Ethereum (ETH), February has historically been an even stronger month. Since 2017, the average February increase for Ethereum has been 17%. Ethereum saw its most substantial increase in 2024, climbing 46% from $2,280 to $3,380.
In comparison to Bitcoin, Ethereum’s performance in February has been more consistent, with six consecutive years of February gains. If Ethereum continues the trend from past Februaries, it could see prices rise to $3,750. However, Ethereum is facing some pressure in January, currently down over 5% and trading around $3,200. If it matches previous Februarys’ performance, ETH could surge to $4,700, echoing the gains seen in 2024.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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