“Sky-high” volatility will persist, but in February, the price of the leading cryptocurrency will reach a new ATH. This forecast was made by analyst and MN Trading founder Michaël van de Poppe.
#Bitcoin bounced back swiftly and is currently acting within the range.
I assume we’ll see new ATHs in February and it’s quite normal to correct after such a strong bounce.
Volatility through the roof, but, as long as Bitcoin remains above $93K, a new ATH is likely. pic.twitter.com/S7ycWtf6Pa
— Michaël van de Poppe (@CryptoMichNL) February 4, 2025
“As long as Bitcoin remains above $93,000, a new all-time high is quite likely,” he wrote.
Product Owner of the Bitsgap platform Roman noted:
- “strong rebound” of Bitcoin’s price from the trend line drawn from last October’s values;
- “engulfing” pattern;
- touching a “strong” support level at $92,000 and subsequently bouncing off it.
All this, he says, indicates buyer strength. However, overall, Bitcoin “remains in a sideways trend.”
CryptoQuant noted that the funding rate for perpetual contracts has turned negative. In the last six such instances, this has been a precursor to a bullish impulse.
For the seventh time this year, the Bitcoin Funding Rate has turned negative. All six previous instances signaled a bullish momentum. pic.twitter.com/pKvqjBAu86
— Axel ?? Adler Jr (@AxelAdlerJr) February 4, 2025
Lookonchain observed an intriguing pattern: while Bitcoin lost and regained the psychological level of $100,000 six times in a row, Ethereum only depreciated—its price fell from $3,900 to $2,800.
Interesting trend:
The first time $BTC hit $100K, $ETH was at $3,900.
The second time, $ETH was at $3,800.
The third time, $ETH was at $3,700.
The fourth time, $ETH was at $3,400.
The fifth time, $ETH was at $3,200.
The sixth time, $ETH was at $2,800. pic.twitter.com/j3MVXgjRe6— Lookonchain (@lookonchain) February 4, 2025
QCP Capital suggested keeping an eye on the upcoming press conference by “crypto king” David Sacks and the tariff negotiations between US and Chinese leaders.
4/ With options markets now evenly balanced & vols softening, #BTC stabilizes at $98K as traders await clarity. Trump’s call with President Xi today could set the tone—will #BTC break out or stay range-bound.
— QCP (@QCPgroup) February 4, 2025
“What lies ahead for digital assets? Trade uncertainty continues to cloud the outlook. Options are evenly balanced between puts and calls until March,” specialists noted.
Earlier, CryptoQuant pointed out the “cleansing” of the cryptocurrency market from excessive leverage.
According to Standard Chartered, in the next two months, digital gold will rise to $112,000–130,000 due to accelerated institutional inflows and a shift in sentiment towards risk acceptance.