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TechFlow reports, on January 13, analyst Axel Bitblaze said that although Bitcoin dropped 10% in January, it typically fell between 25% and 30% after previous halving cycles, followed by annual gains of 130% and 2400% respectively.
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 pattern, the price could fall below $70,000.
According to analyst Axel Bitblaze, although Bitcoin fell 10% in January, it typically dropped between 25% and 30% following previous halving cycles, before subsequently rising 130% and 2400% 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.
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