Data shows February tends to be one of BTC’s best performing months, leading Bitcoin network economist Timothy Peterson to dub it the real “Uptober” event. WillData shows February tends to be one of BTC’s best performing months, leading Bitcoin network economist Timothy Peterson to dub it the real “Uptober” event. Will
Bitcoin’s real ‘Uptober’ moment might start in February: Here’s why
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Data shows February tends to be one of BTC’s best performing months, leading Bitcoin network economist Timothy Peterson to dub it the real “Uptober” event. Will history repeat itself next month?
Bitcoin’s (BTC) monthly gains have been limited to just 2.2%, but February could mark a bullish shift. Since 2016, the week ending Feb. 21 has recorded the highest median return at 8.4%, with Bitcoin closing higher 60% of the time.
Key takeaways:
February has delivered a median 7% weekly BTC return historically, outperforming October’s seasonal strength.
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