Bitcoin is attempting to hold steady at $88,000. After the US dollar hit a multi-year low yesterday, Bitcoin briefly received mild buying support.
Currently, market analysts remain optimistic about a rebound in momentum in February, as historically Bitcoin and Ethereum have averaged gains of 14% and 27% respectively in February. However, some groups warn that historical cycles may change. Some traders believe reversal signals are emerging, as Bitcoin's price is forming a significant bullish divergence with the R-S-I momentum indicator. It is reported that such a pattern often leads to about a 10% return, so the probability of Bitcoin returning to $95,000 is increasing.
More professionals point out that Bitcoin is entering a more resilient phase, possibly after excess leverage was cleared in Q4, and by 2026, it will be in a healthier state, emphasizing that durability is more important than speed.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
0128 Bitcoin Daily😊😊
Bitcoin is attempting to hold steady at $88,000. After the US dollar hit a multi-year low yesterday, Bitcoin briefly received mild buying support.
Currently, market analysts remain optimistic about a rebound in momentum in February, as historically Bitcoin and Ethereum have averaged gains of 14% and 27% respectively in February. However, some groups warn that historical cycles may change. Some traders believe reversal signals are emerging, as Bitcoin's price is forming a significant bullish divergence with the R-S-I momentum indicator. It is reported that such a pattern often leads to about a 10% return, so the probability of Bitcoin returning to $95,000 is increasing.
More professionals point out that Bitcoin is entering a more resilient phase, possibly after excess leverage was cleared in Q4, and by 2026, it will be in a healthier state, emphasizing that durability is more important than speed.