- Bitcoin continues its steady sideways movement as analyst notices low retail interest.
- The crypto community debates why this occurs and how it can change.
- Historical data hints at glorious gains for crypto and altcoins in February.
Bitcoin is presently at $104,000 as it continues its steady yet bullish sideways movement from $101,000 to its latest ATH of $109,114.88. With what seems to be a short stagnancy in the crypto market analysts begin to contemplate what is to come next. Despite the stangnacy, the Crypto Fear & Greed Index points to a score of 75 in the ‘Greed’ range.
Lowest Retail Interest in 3 Years
As we can see from the post above, one reputed crypto trader, investor, and enthusiast, Miles Deutscher, an active and trusted voice in the crypto community, shares a curious observation of the ongoing crypto cycle. He says that despite the price of Bitcoin being in the above $100,000 price range it seems retail interest is the lowest it’s been in three years.
Some responses to his post are speculative over possible burn trades during previous pumps and dumps in the ongoing cycle leading to reluctance and possibly too much FUD to return to the current market. Others chime in with insightful responses as well. However, the final consensus remains, that BTC and the crypto market will rally soon possibly leading to or led by a return in retail investors.
Historical Data Points to Bullish February
Meanwhile, another popular analyst adds to the discussion saying that historical data points to February being a positively bullish month for crypto and especially altseason. As we can see from the post above, the chart depicts how the majority of altcoins have been exhausted at the start of Q1 in the oversold area but always experience a global reversal that could occur very soon.
