Bitcoin Closes Fifth Consecutive Red Month As Call Option Demand Jumps And Analysts Debate Next Move
Bitcoin ended February with its fifth consecutive monthly loss, only the second such sequence in its history, after dropping about 15% to roughly $63,000 before a rebound to $68,600 at the start of March. Some traders are increasing upside call option exposure ahead of the next Federal Reserve meeting, while analysts compare the current pattern to the 2018–2019 cycle that preceded a 308% rally and outline key support zones near $65,000 and $58,000.