Based on historical data, Bitcoin often experiences significant sell-off declines in January of the first year after a halving. However, these pullbacks do not change its long-term upward trend:

#BTC走势分析

January 2021: Bitcoin dropped over 25% from a price of over $40,000 to just above $30,000 by the end of the month. Nevertheless, by November of the same year, the price soared by 130%, reaching an all-time high of $69,000.

January 2017: Bitcoin plunged 30%, falling from $1,300 to $784. However, by the end of that year, the price of Bitcoin ultimately surged by 2,400%, reaching an all-time high of around $20,000 in December.

These historical cases indicate that, despite significant pullbacks at the beginning of the year, the subsequent increases throughout the year are often quite substantial. The market seems to be accumulating strength for subsequent strong growth through early pullbacks.

Currently, Bitcoin has only dropped 10% from its recent peak, far from the substantial pullback levels commonly seen in history. According to various bull-bear peak indicators, no indicator has yet shown a sell signal. Therefore, this pullback appears more like a buildup of strength for future rises rather than a reversal of the trend.