After the US Central Bank left the policy rate unchanged during the week, FED Chairman Jerome Powell made statements.
Powell, who also spoke about Bitcoin and cryptocurrencies, moved the BTC price upwards. While investors continue to expect an increase, a new month begins in Bitcoin.
So, let’s look at the answers to the questions: Does Bitcoin like February? How did it perform in previous Februarys?
How Did Bitcoin Perform in Previous February Months?
When we look at Bitcoin’s performance over years and months, we notice that declines are concentrated in certain months and increases are concentrated in certain months.
When we look at the Bitcoin monthly return table above, we see that, in general, August and September are the months of decline; February, July, October and November are the months of increase.
February, which is usually a bullish month, has only closed in the red twice in the last 12 years. Bitcoin, which has increased in February of the remaining 10 years, closed in the red only in 2020 and 2014, according to CoinGlass data.
Bitcoin increased at rates ranging from 0.03% to 61% in the next 10 years.
At this point, analysts expect Bitcoin to rise in February 2025, based on historical data showing that February is the third best performing month for Bitcoin.
*This is not investment advice.
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