The Bitcoin (BTC) market has been making news for an array of reasons. While investors are worried about the asset’s plummet below $100,000, a few others were diving into the identity of Satoshi Nakamoto. Several rumors suggest that former Twitter CEO Jack Dorsey is the creator of Bitcoin. Amidst this, Bitcoin continued trading below the $100,000 milestone. Despite this, the community remains optimistic about BTC hitting a new peak over the next month.
Also Read: U.S. Senate Confirms Bitcoin Advocate Howard Lutnick—What’s Next for Crypto?
Can Bitcoin Record A New Peak In February?
The world’s largest cryptocurrency was trading at a high of $102,488 at the start of the month. But Bitcoin dropped to a low of $91,242.89. It should be noted that BTC hit an all-time high of $109,114.88 back in January. The asset has dipped by 12% ever since. At the time of writing, Bitcoin was trading at $95,800.83 following a 0.35% over the past 24 hours.
Also Read: Top 3 Cryptocurrencies To Buy During The Dip
Q1 Price Prediction
It looks like Bitcoin is all set to record multiple peaks during the first quarter of 2025. Data from CoinCodex reveals that the king coin is expected to rise to a major high during this month. The maximum price that BTC will trade at is $128,475, following a 34% surge from its current price level. In addition, during the last month of the quarter, the king coin is expected to hit a new peak of $139,526. This comes after a rise of 45%.
This comes as a much-needed respite for Bitcoin holders who have been struggling below the $100,000 mark. It looks like the king coin’s current sentiment is set to witness a shift over the next month. BTC holders will be pocketing notable gains from during this period.
Also Read: How U.S. Industries Could Thrive if Zelensky Had Accepted Trump’s 50% Mineral Deal