Bitcoin (BTC) started January 2025 with bullish expectations, which gave way to bearish trends, adding a sense of uncertainty. However, if you study the price patterns, you can predict the potential value of BTC on January 31.
This can be understood thanks to Coinglass data, which allows you to calculate the average and median historical returns of Bitcoin for a given month.
For example, BTC's January returns have averaged a 2013% gain since 3,06. However, with six negative years out of twelve, January also has a median return of minus 0,04%.
Bitcoin's best performance was recorded in 2013 with a growth of 44,05%. Something similar happened in 2023, as after a loss-making December 2022, the following month the growth was 39,63%.
January 2015 was the worst month after one of the worst annual figures in December 2014, showing -33,05% and -15,11% respectively.
Bitcoin Monthly Return in % Source: CoinGlass
Based on Bitcoin's historical returns and the January 1 opening price of $93, BTC could trade between $401 and $31 on January 93,027 this year.
Meanwhile, cryptocurrency and stock trader Jelle drew attention to the fact that Bitcoin tests strong support for the seventh time. In this situation, he expects bulls to become more active.
