Bitcoin Decrease In January Nothing Unusual In "Post-Halving Years"

According to analysts who have compared previous cycles, a major correction of Bitcoin in January after the halving event is not unusual in history. "Bitcoin sell-off in January is a common phenomenon in the years following halving. We all know what happened after the sell-offs in 2017 and 2021," analyst Axel Bitblaze shared on January 12th. Bitcoin has lost 10% so far this month, dropping from a high of $102,300 on January 7 to below $92,000 before a slight recovery and currently fluctuating around $94,311. In January 2021, the closest year after the halving, Bitcoin dropped by over 25% from over $40,000 to just over $30,000 by the end of the month. It then surged 130% to a new record high of $69,000 in November. In January 2017, one year after the 2016 halving, Bitcoin dropped 30%, from $1,130 to $784. After that, the price increased by 2,400% in that year, reaching an all-time high of $20,000 in December.

Meanwhile, YouTuber and Crypto analyst Rover noted that Bitcoin has been continuously decreasing in the first half of the past month. “This is just a slight decrease compared to what we have seen before,” Crypto Rover commented. "Bitcoin has not reached the final stage of frenzy. This cycle will continue for the next 12 months," Stockmoney Lizards posted on X on 12/1.

Analysts acknowledge that everything is a bit different in each cycle, but add "with widespread acceptance, governments worldwide supporting cryptocurrencies, ETF... I think that emphasizes our hypothesis". A 130% move similar to the previous cycle's peak could propel the price of BTC from the current level to over $200,000 before the end of 2025. On the other hand, a scale of withdrawal like the one seen in January of the previous 2 cycles could push the price below $70,000. DYOR! #Write2Earn #Write&Earn $BTC {spot}(BTCUSDT)