Bitcoin January Slump Nothing New In 'Post-Halving Years' Bitcoin January Slump Nothing New In 'Post-Halving Years' https://cointelegraph.com/news/bitcoin-january-slump-nothing-new-post-halving-analysts A major Bitcoin correction in the first month of a year after the blockchain sees a halving is historically not unusual, according to analysts who have compared previous cycles.  https://cms.zerohedge.com/s3/files/inline-images/01945de0-14d0-7746-91ae-ec67db2e.jpg?itok=k_fyMPOI “Bitcoin dumping in January has historically been a common occurrence in post-halving years,” crypto analyst Axel Bitblaze https://x.com/Axel_bitblaze69/status/1878416830223831463  his 123,000 X followers on Jan. 12. “We all know what happened after the 2017 and 2021 dumps.” Bitcoinhas lost 10% so far this month in a fall from its high of $102,300 on Jan. 7 to just below $92,000 before recovering slightly to now hover around $94,000. In January 2021, the next most recent post-halving year, Bitcoin fell more than 25% from over $40,000 to just above $30,000 by the end of the month. It then skyrocketed 130% to a new all-time high of $69,000 by November. In January 2017, the year after the 2016 halving, Bitcoin slumped 30%, falling from $1,130 to $784. It then surged 2,400% that year, culminating in an all-time high of $20,000 by December. https://cms.zerohedge.com/s3/files/inline-images/01945e21-97ec-7600-8080-facc232e.jpg?itok=c9Uytk9v Bitcoin post-halving year January slumps. Source: https://x.com/Axel_bitblaze69/status/1878416830223831463 Meanwhile, YouTuber and analyst Crypto Rover https://x.com/rovercrc/status/1878029838902087956  that Bitcoin has consistently dropped in the first half of the month for the past year.  “This is just a small dip compared to what we’ve seen before,” he said.  “Bitcoin has NOT reached the ultimate hype/pump phase,” https://x.com/StockmoneyL/status/1878417657516470372  the finance analysis Stockmoney Lizards X account on Jan. 12. “This cycle has more fuel in the coming 12 months.”  https://cms.zerohedge.com/s3/files/inline-images/01945e22-28d8-770e-9398-9158b3a5.jpg?itok=dZZHpdQk Bitcoin monthly chart with RSI color coding. Source: https://x.com/StockmoneyL/status/1878417657516470372 The analyst acknowledged that things were a bit different in every cycle but added that “with mass adoption, pro-crypto governments worldwide, ETFs, etc. I think it underlines our hypothesis.”  A 130% move similar to that in the peak year of the previous cycle could send BTC prices from current levels to over $200,000 before the end of 2025. On the flip side, a pullback of the magnitude seen in January of the last two cycles could send prices below $70,000. https://cms.zerohedge.com/users/tyler-durden Mon, 01/13/2025 - 09:05 https://www.zerohedge.com/crypto/bitcoin-january-slump-nothing-news-post-halving-years