#AICrashOrComeback

Seasonality data for Bitcoin prices point to $120,000 in the first quarter, but leverage remains the "biggest risk".

Historical Bitcoin price data favors new all-time highs in the first quarter, but liquidity gaps below $80,000 could drive the price down in the short term.

Bitcoin continued its downward trend this week, briefly falling below $95,600 during the day on Thursday, February 6. With a demand zone between $94,300 and $95,800, the crypto asset has shown a liquidity sweep of equal lows around $96,200, but a clear short-term bullish reversal has not yet occurred.

Bitcoin on track to exceed $120,000, says analyst.

Mikybull, a cryptocurrency analyst, noted that despite BTC's current consolidation phase, the crypto asset could reach a new all-time high of $120,000 if it continues its seasonal pattern from 2018 to 2014.

Bitcoin has shown an upward trend on average during February, and regarding seasonality data, it is currently on track to follow this upward trend in 2025 as well.

Since 2013, Bitcoin has recorded an average return of 14.08% in February, with the month closing down only twice in the last decade. Its average returns in the first quarter also stand at 52.43%, behind the average of the fourth quarter, which is 84% since its inception.