Analyst: BTC will enter a bull market after the 'January sell-off period', will BTC rise every year during the Spring Festival?

The recent market downturn for several days has led the market to wonder if Bull Market has ended early, but Cryptocurrency analyst Axel Bitblaze tweeted that BTCdumping is historically normal in January after Halving, listing examples of violent rises after declines in 2017 and January 2021. (Synopsis: 8,000 BTC dump!) Ying man's request for excavation "rejected by the court": will sue the Supreme Court, the government should compensate me 600 million magnesium) (background supplement: BTC crash related to the Los Angeles fire? Netizens tearfully complained: cold wallets, mnemonics, and houses all burned down: . Recently, the BTC and encryption markets are in a downward trend, the price of BTC has fallen from a 7-day high of $102,724, and once Rebound approached $96,000 after inserting a low of $91,203 on the 10th. However, this morning (13) BTC once again fluctuated to the downside, now trading at $93,179, down 0.73% in the past 24 hours. Encryption analyst: January dumping after Halving is normal The downturn for several days has left the market wondering if Bull Market ended early. However, Axel Bitblaze, a cryptocurrency analyst with 123,000 followers on X, tweeted that BTCdumping has historically been normal in January after Halving, listing examples of bursts after declines in 2017 and January 2021: Historically, BTCdumping in January was common in years after Halving. In January 2017, BTC went from $1,185 big dump to $800 (-32.5%) In January 2021, BTC went from $42,000 big dump to $28,000 (-32.9%) In January 2025, BTC went from $103,000 big dump to $92,000 We all know what happened after the dumping in 2017 and 2021. Although Axel Bitblaze said that the Bull Market exploded after dumping in 2017 and January 2021, compared to the previous two market declines (2017: -32.5%; -32.9% in 2021), if it is close, then BTC may see a minimum of $70,000 this month (103,000* (1-32%) = 70,040). In addition, Stockmoney Lizards, a cryptocurrency analyst with nearly 150,000 followers, also tweeted yesterday (12): BTC has not yet reached the final hype/boom stage, and this cycle will have more momentum in the next 12 months. BTC has shown an upward trend in the past 10 years of Spring Festival On the other hand, since 2015, regardless of the bull and bear market, there will be a period of "red envelope market" during the Spring Festival every year, perhaps now is the time for users who want to build a position low, as follows: 2024 (2/8~2/14): $44,349 to $52,043, rise up to 17.3% 2023 (1/20~1/29): $21,071 to $23,960 with a rise of 13.7% 2022(1/29~2/6): $37,716 to $42,656, rise up to 13.1% 2021(2/10~2/16): $46,420 to $50,689, rise up to 9.2% 2020(1/23~1/29): $8,682 to $9,449, up 8.8% 2019 (2/2~2/10): $3462 to $3685 with a rise of 6.4% 2018 (2/15~2/20): $9449 to $11786 with a rise of 24.7% 2017 (1/27~2/1): $918 to $986 with a rise of 7.4% 2016 (2/6~2/14): $374 to $404, rise up to 8% 2015 (2/ / 18~2/24): $234 to $238, rise up to 1.7% As for the reason for rising, it may be because during the New Year, many people take red envelope money or year-end bonuses to increase the position BTC, so that BTC will show an upward trend during the 10-year New Year. However, it should be noted that although there has been a so-called red envelope market in the past 10 years, it does not mean that this year's New Year period will necessarily show an upward trend, please pay attention to the price risk with caution. Related reports BTC broke through $95,000 in the early morning, Ethereum stood at 3,300, pay attention to Wednesday's U.S. CPI inflation data The United States has added two more states to launch a draft BTC reserve, and listed wineries Heritage plans to accept BTC payments 8,000BTC dump! Yingnan's request for excavation "rejected by the court": will sue the Supreme Court, the government should compensate me 600 million magnesium 〈Analyst: BTC "January dumping period" will welcome the outbreak of Bull Market, every year during the Spring Festival BTC must rise? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".

BTC1.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)