Since Bitcoinโs downturn kicked off in October, the months that are usually known for strong bullish momentum didnโt live up to expectations ๐๐ค
October and November โ traditionally seen as โbullish monthsโ โ surprisingly moved lower, shifting investorsโ focus toward February ๐๐
At this stage, well-known economist Timothy Peterson has highlighted February as one of the most stable and positive months for Bitcoin dating back to 2016 ๐๐
Peterson even went as far as calling February the real โUptoberโ for Bitcoin ๐ฅ
According to his analysis, historical data strongly supports a genuine upward trend. He pointed out that the average return for the week ending February 21 has been around 8.4%, with Bitcoin closing nearly 60% higher during that same period ๐๐ฅ
He also emphasized that February has consistently delivered an average weekly gain of about 7% for BTC โ outperforming even October, which traders often label as Uptober ๐ฐ๐
Peterson believes this strength is driven more by macroeconomic forces than by crypto-specific factors ๐๐ฆ
Thatโs because mid-February is typically when companies release full-year earnings reports and present optimistic outlooks. This tends to boost investor confidence, encouraging higher risk appetite โ and some of that capital often finds its way into Bitcoin ๐ผโก๏ธโฟ
โAn average weekly return of at least 7% during the two-week window from February 7 to 21!โ ๐๐
Beyond Peterson, Bitcoin researcher Sminston also remains strongly bullish on BTC over the long term ๐
Using the Bitcoin Collapse Channel model, he suggests that Bitcoinโs peak price in 2026 could land somewhere between $210,000 and $300,000 ๐๐ธ
While the model doesnโt predict exact timing, he notes that these price ranges have proven to be historically reliable ๐โ #BTC #bitcoin
