Bitcoin (BTC) Defies DeepSeek Sell-Off, FOMC Uncertainty; New ATH Predicted in February

In the past few days, Bitcoin (BTC) has withstood two key developments that could have derailed the cryptocurrency's bullish momentum.

Bitcoin (BTC) has shown remarkable resilience amidst two crucial developments that could have hindered the cryptocurrency's bullish momentum. These events include a deep sell-off in US stocks, triggered by the launch of a Chinese LLM, and the Federal Open Market Committee (FOMC) meeting.

Despite the initial sell-off in the stock market, BTC has largely recovered its losses and is now trading at $105,839, showing a 1.53% gain over the past five days. In contrast, the S&P 500 index experienced a 1.25% decline during the same period.

Bitcoin price remained relatively stable following the FOMC meeting, despite market expectations of another blow to crypto markets. The committee left interest rates unchanged, as anticipated, but members expressed concerns over persistently high inflation.

Bitcoin Price ‘Looks Flawless,’ New ATH Coming Soon?

Reacting to BTC's strength, seasoned crypto trader Pentoshi remarked that the digital asset has “held up great” in the turmoil. According to the trader, there is “no reason” why BTC shouldn't hit a new ATH soon.

Elsewhere, another Bitcoin enthusiast, Castillo Trading, observed that Bitcoin's price structure “looks flawless.” They added that both lower- and higher-time frames suggest that BTC will likely go higher.

In a similar vein, crypto trader and entrepreneur Michael van de Poppe said that the market will likely see a new BTC ATH in the ‘coming weeks,’ perhaps hinting at February as the target month.

Further, crypto trader Roman shared the following chart, commenting that “Stoch & RSI have plenty of room to break $108,000 resistance and head higher.” According to them, bullish divergence on BTC is also playing out nicely.

For the uninitiated, both Stochastic Oscillator (Stoch) and Relative-Strength Index (RSI) are momentum indicators that help traders identify whether the underlying asset is oversold or overbought in current market conditions.

While projections for a new BTC ATH may be focused on the short-term, market cycle peaks are expected to occur in the summer of 2025. For instance, a recent report by Bitfinex forecasts that BTC could cross $200,000 by mid-2025, amid shallow price pullbacks.

Meanwhile DeepSeek predicts that BTC may top out between $500,000 and $600,000 by Q1 2026. At press time, BTC trades at $105,839, up 3.1% in the past 24 hours.