Market analysts say Bitcoin's decline is not uncommon for BTC in January. As a result, the bull run may resume, and according to a key technical indicator, Bitcoin prices could peak in mid-July 2025. Bitcoin trader and analyst Dave the Wave said that although prices have fallen 14% from their all-time highs, the 52-week simple moving average (SMA) shows that BTC still has room to rise.
Rekt Capital said that the continued consolidation of Bitcoin prices is part of the "first price discovery correction" that occurred between weeks 6 and 8 of the parabolic phase. These corrections lasted 2 to 4 weeks. Analyst Axel Adler Jr. said that the current decline in Bitcoin is not as severe as the previous consolidation phase, in which BTC fell more than 26% between July 29 and August 5, 2024. (Cointelegraph)