The world’s largest cryptocurrency bitcoin has been stuck inside a tight sideways range for nearly ten weeks, leaving traders bored and cautious. As February is about to begin, historical data shows that Bitcoin has gained an average of 13% during this month.
This has made many investors curious, wondering whether February could finally trigger a major breakout for Bitcoin?
Bitcoin’s price dropped sharply earlier this month after reaching around $97,400 on January 20. In just two days, the price fell to nearly $87,900.
The decline came as global markets turned cautious after U.S. President Donald Trump warned of possible tariffs on the European Union, linked to rising Greenland-related tensions.
The sharp drop triggered heavy liquidations, with over $1.09 billion in leveraged long positions wiped out, erasing nearly $150 billion from the total crypto market value.
Bitcoin ETFs also added pressure to the price. For the past four days, ETFs have seen steady outflows, with total withdrawals reaching about $1.61 billion.
Since then, Bitcoin has struggled to move higher.
Despite this bearish outlook, sentiment improved slightly after Trump softened his tone, allowing Bitcoin to bounce nearly 3% toward the $90,000 level.
Looking at the BTC weekly chart, Bitcoin continues to trade within a rising channel and is currently hovering near the lower support zone around $88,000–$90,000, a level that has held firm multiple times since December.
On the upside, strong resistance is positioned between $100,500 and $105,000, aligning with the channel’s mid-to-upper range and limiting further upside for now.
The 20-week average near $100,600 is acting as a strong barrier. If support breaks, the next major risk area sits near $76,500, where prices could fall further.
Historical trends add a bullish angle to Bitcoin’s outlook. According to CoinGlass, Bitcoin has closed February in green 10 out of the past 13 years, with an average gain of around 13%.
After ending Q4 2025 in the red, Bitcoin has already seen a modest 2% gain in January 2026, hinting at improving momentum.
If this historical pattern plays out again, BTC could bounce from its current support zone and make a move toward the $100,000–$105,000 resistance range.
For now, Bitcoin remains stuck in consolidation and is currently trading around $89,422.
Bitcoin may drop due to market uncertainty, political events, ETF outflows, or profit-taking by traders in volatile conditions.
Historically, February boosts Bitcoin, averaging 13% gains, so BTC may see upward momentum if support holds around $88K–$90K.
BTC dropped to $87K after tariff warnings, showing how political events can trigger sharp short-term price swings in crypto markets.
Bitcoin may reach $100K once it breaks key resistance near $100K–$105K, but market volatility and consolidation could delay the move.
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