What will happen in March after Bitcoin breaks $60,000?

February has turned out to be a bullish month for BTC prices as BTC price climbed towards $60,000 in the past day.

According to data from Coinglass, February was the second most profitable month in BTC history.

BTC had a very successful February, the best February for the Crypto asset in more than a decade.

Data shows that BTC prices have increased by approximately 39% this month. BTC prices are up approximately 39% this month compared to BTC’s performance in the same month over the past 10 years.

February 2013 still holds the record for the highest return, with a return of 61.77% for the month. Then, in February 2021, monthly returns reached 36.78%, ranking second until February 2024.

It’s not unusual for February to end in the green, though, as the month has seen more green closes than red since BTC’s launch.

Looking back at the years that have historically ended February in the green can paint a picture of where BTC prices will go next.

Dating back to 2013, the outperformance in February carried over into March, making March far better than February.

With returns as high as 172.76% in March 2013, BTC’s performance throughout the year has been impressive.

Likewise, in 2021, when February ended with high returns, this outperformance also continued into March, finishing with a 20.84% ​​return.

Looking at the trends for both months, February ended with high returns, which could be a sign that the bull rally is here to stay.

While BTC ended February with high returns and March was equally bullish, this was not always the case.

For example, February ended in green every year between 2015 and 2019. However, only March 2019 continued its upward trend, and the BTC price in the remaining months saw varying degrees of decline.

However, February's performance appears to have had an impact on March's results. In terms of months with declining prices, the trend is that the better BTC performs in February, the better it performs in March.

Between 2015 and 2017, the average close at the end of February was +20%, while the highest decline the following month was 9%. However, while February ended with a modest gain of 0.47%, BTC fell by 32.85% in the following March.

Therefore, while March has the potential to be a red month for BTC, its outperformance in February could serve as a buffer, making it easier for BTC prices to land.

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