Bitcoin (BTC) has made history by achieving its first-ever six-digit monthly close.
Bitcoin Monthly Close Smashes Records
Data from Markets Pro and TradingView confirms that on January 31, Bitcoin closed its latest monthly candle at $102,400 on Bitstamp. This move came despite a last-minute price drop caused by macroeconomic volatility, giving bulls their first close above the $100,000 mark. Risk assets saw a sharp decline during the Wall Street trading session after U.S. President Donald Trump confirmed that tariffs on goods from Canada, Mexico, and China would take effect on February 1. While U.S. stocks initially rose, they ended the day down, and sentiment soured, as reflected by data from both the traditional and crypto-based Fear & Greed Indexes. However, market commentators saw little reason for concern from a bearish standpoint.
Popular analyst Aksel Kibar noted that panic and crash predictions during even a 1% correction are not signs of a market top. “In my opinion, a market top is usually marked by euphoria and disbelief, even in the face of short-term corrections,” he wrote on X. Crypto trader, analyst, and entrepreneur Michaël van de Poppe also expressed confidence about Bitcoin’s long-term prospects. “I wouldn’t be concerned about this news. In the end, it will lead to higher crypto prices,” he told his followers on X. Meanwhile, pseudonymous analyst PlanB shared the latest update to his Stock-to-Flow model, adding a red-colored dot to the BTC/USD chart, indicating that the most intense phase of the BTC price cycle is now underway.
BTC Price Set for “Big Move” in February
BTC/USD finished January with a 9.3% gain, which is a bit of a mixed result compared to its historical performance, according to CoinGlass data. However, February is traditionally one of Bitcoin’s strongest months, with average gains of 14.4%. If history holds, Bitcoin could close the month around $117,000.
“This time, it’s a post-halving February, and every previous one has seen significant gains,” said Fedor Matviiv, founder and CEO of crypto research platform CryptoRank, on X. “If history is any guide, Bitcoin could be gearing up for a big move.”
Popular trader and analyst Rekt Capital pointed out that “8 out of the past 12 Februarys since 2013 have seen double-digit gains.” Another post this week echoed that post-halving years often see strong February price performance, with Bitcoin gaining 61%, 23%, and 36% in 2013, 2017, and 2021, respectively.
Conclusion
Bitcoin has just closed its first-ever $100K+ monthly candle, and analysts are optimistic about the future. February, historically one of the best-performing months for Bitcoin, could potentially see a significant price surge, particularly in the post-halving period. With Bitcoin gaining momentum and the broader crypto market still showing strength, many expect BTC to make a big move in the coming weeks.
FAQs
What is Bitcoin’s first $100K+ monthly close?
Bitcoin achieved its first-ever close above $100,000 in January, closing at $102,400 on January 31.
Why did Bitcoin see a price drop before its record close?
A last-minute price dip was caused by macroeconomic volatility, following news of new tariffs imposed by the U.S. on Canada, Mexico, and China.
What’s the outlook for Bitcoin in February?
February is historically one of Bitcoin’s best-performing months, with average gains of 14.4%. Analysts are predicting a “big move” for BTC, potentially bringing the price to around $117,000.
I am Toby Rothschild, Co-Founder of Spearmint and author at Coinography, and a strategist focused on advancing Web3 innovation, digital ecosystems, and the future of decentralized technology. I combine product thinking, creative leadership, and deep interest in emerging trends to help shape how individuals and organizations interact with the next generation of digital systems.
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