Crypto

March 1, 2024

February Was Amazing

Historically, $BTC usually closes in the green in February. 2024’s Feb close brings the score to eleven bullish closes vs. three bearish closes since 2011. 👍

However, despite the high number of bullish closes for February, its average performance is very ‘meh.’ But not this year.

BTCUSD Monthly Chart – Click to enlarge.

February’s close also put Bitcoin’s monthly winning streak at six in a row – tied for the longest stretch of monthly consecutive green months, the other being October 2020 – March 2021.

Makes you think whether a temporary top will come in or not – especially given the start of a new quarter and the crazy bullish Stocktwits Sentiment Data for Bitcoin:

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Community Charts – March 6, 2024

March 6, 2024

Bitcoin Sentiment Data

We’ll discuss March more in the following article. Regardless, February 2024 will go down in the books as an amazing month. 👀

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