After the impressive rally in January, (BTC) seems to be taking a breather in February. This is a positive sign because vertical rallies are rarely sustainable. A minor drop could shake up long-term nerves and provide an opportunity for long-term investors to add to their positions.

However, opinion remains divided on whether Bitcoin has bottomed out or not. Some analysts expect the rally to reverse direction and plummet below the November low, while others believe that markets will continue to rally and frustrate traders hoping to buy at lower levels.

Daily view of crypto market data. Fountain: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
ETH/USDT 4-hour chart. Source: TradingView
OKB/USDT daily chart. Source: TradingView
OKB/USDT 4-hour chart. Source: TradingView
ALGO/USDT daily chart. Source: TradingView
ALGO/USDT 4-hour chart. Source: TradingView
THETA/USDT daily chart. Source: TradingView
THETA/USDT 4-hour chart. Source: TradingView