Analyst: Significant BTC declines in January of the first year post-halving are a historical norm
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Analyst: Significant BTC declines in January of the first year post-halving are a historical norm
According to analyst Axel Bitblaze, although Bitcoin fell by 10% in January, it typically dropped 25% to 30% following previous halving cycles, before subsequently rising 130% and 2,400% respectively within the same year. Bitblaze noted that if Bitcoin follows the prior cycle's upward pattern, the price could exceed $200,000; if it follows the past cycle's downward pattern, the price could fall below $70,000.
Navigating Web3 tides with focused insightsTechFlow reported on January 13 that analyst Axel Bitblaze stated although Bitcoin dropped 10% in January, it typically fell between 25% and 30% following previous halving cycles, before surging 130% and 2,400% respectively within the same year.
Bitblaze noted that if Bitcoin follows the previous cycle's upward pattern, the price could exceed $200,000; if it follows the past cycle's downward trend, the price might fall below $70,000.
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