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

US Federal ReserveAfter leaving the policy rate constant at 5.25%-5.5% yesterday Fed Chairman Jerome Powell made statements.

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

While Bitcoin fell to the $ 42,000 level, BTC February, which is usually an upward month for Turkey, 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 trade at $ 42,100 at the time of writing.

*This is not investment advice.

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