Bitcoin Closes First Month Above $100,000
Bitcoin has set a new milestone as BTC/USD achieved its first-ever six-digit monthly close.
According to data from TradingView, Bitcoin ended January at $102,400 on Bitstamp, marking its highest-ever monthly candle close.
Despite a last-minute dip in price due to macroeconomic volatility, the bullish momentum secured Bitcoin’s first close above the $100,000 threshold.
Risk assets experienced a decline during the Wall Street trading session after U.S. President Donald Trump announced that tariffs on Canada, Mexico, and China would take effect on Feb. 1.
Initially, U.S. stocks saw an uptick but later finished the day in negative territory, leading to a decline in market sentiment, as reflected in both traditional and crypto-based Fear & Greed Index data.
However, market analysts largely dismissed the downturn as a cause for concern.
“At every 1% correction, panic and crash forecasts is not characteristics of a market top. IMO,” wrote well-known analyst Aksel Kibar in a post on X, adding:
“A market top is accompanied by euphoria, disbelief in even a short-term correction.”
Similarly, crypto trader, analyst, and entrepreneur Michaël van de Poppe expressed confidence in the market’s long-term trajectory.
“I shouldn’t worry about this news, ultimately it will lead to higher crypto prices anyways,” he told his X followers.
Pseudonymous analyst PlanB updated his widely debated Stock-to-Flow model, adding a red dot to the BTC/USD chart—an indicator that the most intense phase of Bitcoin’s price cycle is now underway.
By the end of January, BTC/USD had gained 9.3%, a mixed outcome compared to past trends, according to monitoring resource CoinGlass.
February, however, is historically one of Bitcoin’s strongest months, with an average increase of 14.4%. If this pattern holds, Bitcoin’s next monthly close could be around $117,000.
“This time, it’s a post-halving February as well, and every previous one saw major upside,” noted Fedor Matviiv, founder and CEO of crypto research and analytics platform CryptoRank, in a post on X, adding:
“If history is any indication, $BTC might be gearing up for a big move.”
Trader and analyst Rekt Capital highlighted that “8 out of the past 12 February's dating back to 2013 have produced double-digit upside.”
An earlier post on X echoed this sentiment, emphasizing that Bitcoin has historically seen strong February price performance in post-halving years.
In previous cycles, BTC/USD recorded gains of 61% in 2013, 23% in 2017, and 36% in 2021.
Sources:
https://cointelegraph.com/news/bitcoin-seals-first-monthly-close-over-100k-btc-price
https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE
https://x.com/JoeConsorti/status/1885401508168040518
https://feargreedmeter.com/fear-and-greed-index
https://x.com/TechCharts/status/1885419374871199812
https://x.com/CryptoMichNL/status/1885421653884039314
https://x.com/100trillionUSD/status/1885600952272494810
https://www.coinglass.com/today
https://x.com/fmatviiv/status/1885332249295425782
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