World’s biggest cryptocurrency, Bitcoin (BTC), had a rough start in the last week of January. Bitcoin (BTC), a leading cryptocurrency, dropped below the $100,000 threshold, causing chaos. It was believed that the fall in value of Bitcoin (BTC) had been caused by China-based artificial intelligence (AI) model DeepSeek. In no time at all, the King Coin recovered and was once again above the coveted $100k mark. BTC’s recent bounce-back was applauded in the community. However, it is predicted to maintain its momentum through February 2025 and reach a new record high.
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Bitcoin’s meteoric rise
Early today, the price of the King coin was $98,272.93. Within minutes, it soared up to $103,359.17. That’s a gain of 4.23% in the past 24 hour. BTC experienced a small setback during the time of publication and traded at $102,823.27.
BTC was predicted to fall by several analysts, even though it recovered. Arthur Hayes of Bitmex, for example, said that the king-coin could drop to as low as $70,000. BTC recovered, but the asset may be heading to a new record high in the coming month.
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Forecast for February
Bitcoin’s all-time highest price was $109,114.88 five days ago. The price of the asset has fallen by 5.9%. CoinCodex believes that the growth of king coin beyond its present peak is set to be much greater. In February, BTC’s maximum trading price will be $132,451. The price has risen by 28.87% from the current level. Bitcoin is expected to trade for an average of $117.045 per month. The asset’s lowest price will be $103,813.
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Source: watcher.guru
