Bitcoin January slump nothing new in ‘post-halving years’
Bitcoin has declined 10% in January, but analysts indicate that such a drop is normal for post-halving years, with historical declines often reaching 25-30%. Analyst Axel Bitblaze noted that Bitcoin often sees corrections in January following halving events, referencing the significant drops observed in previous cycles of 2017 and 2021. This month, Bitcoin fell from a high of $102,300 on January 7 to around $94,000 after recovering from a low of just below $92,000. Similar patterns were seen in January 2021, where Bitcoin fell over 25% from $40,000, and in January 2017, where it dropped 30% from $1,130. Analysts believe that despite these dips, the long-term outlook remains positive, with potential upward movements fueled by factors such as mass adoption and pro-crypto government policies. Projections suggest that Bitcoin could reach over $200,000 before the end of 2025, yet a pullback similar to previous January corrections could see prices fall below $70,000.
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