Bitcoin (BTC) hovered around $23,000 on Feb. 1 after sealing its best January performance in ten years.
End of Bitcoin bear market is “default view”
The largest cryptocurrency finished the first month of the year up 39.6%, according to statistics from Coinglass.
The impressive performance emboldened bulls, many of whom had kept the faith despite mass misgivings from more conservative market participants.
“Bitcoin closes with a Monthly swing low,” trader, entrepreneur and investor Bob Loukas reacted.
“I mean, anything can happen, right. But the absolute default view must be the bear market ended in Dec.”
As Cointelegraph reported, opinions differ considerably over how Bitcoin will behave in February, with one trader expecting “bearish” conditions to return after five-month highs.
The picture for the month ahead…