Bitcoin gains just 0.6% in January amid new sub-$40K BTC price target

BTC price expectations offer little optimism for February, with Bitcoin almost coming full circle for the first month of 2024.

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Bitcoin (BTC) sought to recover losses on Feb. 1 after the monthly close turned sour for BTC price action.

Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it bounced around $1,000 off lows of $41,860 on Bitstamp.

These immediately followed the January candle close, leaving Bitcoin just 0.6% higher for the first month of 2024.

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