The world’s largest cryptocurrency had a rocky start to the final week of January 2025. Bitcoin (BTC) slipped below the $100,000 mark causing chaos in the market. This plummet was linked to the advent of China-based artificial intelligence (AI) model DeepSeek. But the king coin recovered in no time and was back above the coveted $100,000 mark. While the asset’s latest bounce back was lauded by the community, BTC is expected to continue its current momentum and record a new high in the month of February 2025.

Also Read: Shiba Inu (SHIB) Price Forecast For 2025 & 2030

Bitcoin’s Meteoric Rise

Earlier today, the king coin was priced at a low of $98,272.93. In no time, the asset bounced to a high of $103,359.17 making a 4.23% rise throughout the past 24 hours. But during press time, BTC encountered a slight setback and was trading at $102,823.27.

Even though the asset managed to bounce back, several analysts were predicting a major fall for BTC. Arthur Hayes, the founder of Bitmex for instance, revealed that the king coin could dip to a low of $70,000. While BTC managed to recover, the asset could be on its way to reaching a new high during the next month.

Also Read: Dogecoin: How To Become A Millionaire With DOGE By 2030?

February Prediction

Bitcoin hit an all-time high of $109,114.88 just five days ago. The asset is currently 5.9% below this price level. According to CoinCodex, the king coin is all set to witness much bigger growth beyond its current peak. The firm revealed that in the month of February, the maximum price that BTC will trade at is $132,451. This marks a 28.87% rise from its current price level. The average price that Bitcoin will trade at throughout the month is $117,045. Finally, the lowest that the asset will be priced at is $103,813.

Also Read: XRP Surges as Ripple Gains Crucial U.S. Licenses Amid Legal Battles