Bitcoin January slump nothing new in ‘post-halving years’ — Analysts
From cointelegraph by Martin Young
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.
“Bitcoin dumping in January has historically been a common occurrence in post-halving years,” crypto analyst Axel Bitblaze told his 123,000 X followers on Jan. 12. “We all know what happened after the 2017 and 2021 dumps.”
Bitcoin BTC$93,462 has 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.
![Bitcoin January slump nothing new in ‘post-halving years’ — Analysts image 0](https://img.bgstatic.com/multiLang/image/social/4f48106334df0a38c10db1ff6166e0fd1736757372782.jpg)
Bitcoin post-halving year January slumps. Source: Axel Bitblaze
Meanwhile, YouTuber and analyst Crypto Rover observed 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,” posted the finance analysis Stockmoney Lizards X account on Jan. 12. “This cycle has more fuel in the coming 12 months.”
![Bitcoin January slump nothing new in ‘post-halving years’ — Analysts image 1](https://img.bgstatic.com/multiLang/image/social/57bb56a496172cccc144c00ba9bce7b81736757372958.webp)
Bitcoin monthly chart with RSI color coding. Source: Stockmoney Lizards
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano founder predicts ADA, Ethereum, and XRP as market cycle winners
Share link:In this post: Charles Hoskinson believes ADA, Ethereum, and XRP will be top performers in this market cycle. He expects Bitcoin to remain the biggest winner and predicts it could reach $250,000. ETFs and regulatory clarity could support long-term growth for major altcoins.
![](https://img.bgstatic.com/multiLang/web/17056dc7521ec60959e2dcee832dd88b.jpg)
SAND and MANA Near Key Resistance – Will Breakouts Trigger a Recovery?
![](https://img.bgstatic.com/multiLang/image/social/f462b16638054832b91ed598dadd76611739579589128.webp)
JASMY and QNT Approaching Falling Wedge Resistance – Are Breakouts on Horizon?
![](https://img.bgstatic.com/multiLang/image/social/ff255438c33956cc5c6debb0e4a0a47e1739579588911.webp)
VIRTUAL and FLOW on the Verge of Key Breakouts – Are Upside Moves on Horizon?
![](https://img.bgstatic.com/multiLang/image/social/89e96e5af40871495b154712e0f548331739579588718.webp)
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)