Since Bitcoin’s crash began in October, the historically rapid bull months have failed to meet expectations.
While October and November, generally known as bull months, saw declines, attention has now turned to February.
At this point, popular economist Timothy Peterson described February as the most stable and optimistic month for Bitcoin since 2016.
The analyst even described February as the true “Uptober Month”.
According to the economist, the February figures are convincing for a genuine upward trend, stating, “The average return for the week ending February 21st was historically 8.4%, and Bitcoin closed 60% higher during that period.”
The analyst noted that February has historically provided an average weekly return of 7% on $BTC, even surpassing the rise seen in October, known in the market as the Uptober month.
According to Peterson, this rise is due to macroeconomic factors rather than being specific to Bitcoin and cryptocurrencies.
This is because mid-February is when companies announce their full-year earnings and generally optimistic outlook for the future. This outlook often pushes investors towards risk-taking, and some capital flows into Bitcoin.
“Average weekly return of at least 7% during the two-week period between February 7-21!”
Aside from Peterson, Bitcoin researcher Sminston said he maintains long-term bullish optimism for $BTC.
With, using the Bitcoin Collapse Channel model, argued that Bitcoin’s highest price in 2026 could be between $210,000 and $300,000. The analyst also added that the model does not predict the timing, but the price ranges are historically reliable.
*This is not investment advice.
u.today
cryptoslate.com
coindesk.com
beincrypto.com