Bitcoin has seen a downtrend, hitting a low of $95,600. With a demand zone between $94,300 and $95,800, it has yet to show a clear bullish reversal. Despite current consolidation, analyst Mikybull suggests Bitcoin could reach a new all-time high of $120,000 if it follows its seasonal pattern. Historically, February has provided an average return of 14.08%, and Q1 returns stand at 52.43%. Conversely, Alphractal emphasizes leverage trading as Bitcoin’s greatest risk, potentially leading to an $80,000 retest due to increased long positions creating liquidity gaps. A decrease in open interest indicates reduced leverage and a cautious market sentiment that may impact Bitcoin's price stability in the coming weeks. This article stresses that investments involve risk and encourages readers to conduct their own research.

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