Bitcoin Starts a New Month: Does BTC Like February? What Do Historical Data Point to for February?

FED President Jerome Powell made statements after the US Federal Reserve left the policy rate constant at 5.25%-5.5% yesterday.

At this point, Powell pointed out that it was premature for the FED to start interest rate cuts in March, causing a decline in Bitcoin and altcoins.

While Bitcoin fell to the $ 42,000 level, February, which usually goes up for BTC, opened with a red candle this time.

BTC, which had a bad start to February, closed February in red only twice in the last 11 years.

Bitcoin, which has been on the rise in February for the remaining 9 years, closed February in the red only in 2020 and 2014, according to CoinGlass’ data.

Bitcoin increased at rates ranging from 0.03% to 61% in the other 9 years.

At this point, analysts announced that they expect Bitcoin to rise in February 2024, based on historical data.

BTC, which has decreased by 1.2% in the last 24 hours, continues to be traded at $ 42,100 at the time of writing.

*This is not investment advice.