Odaily Planet Daily News Analysts believe that BTC’s decline in January is not uncommon for BTC. Therefore, the Bull Market may resume, and according to a key technical indicator, the BTC price may peak in mid-July 2025. BTC trader and analyst Dave the Wave stated that despite the price dropping 14% from its all-time high, the 52-week Simple Moving Average (SMA) indicates that BTC still has pump space.
Rekt Capital said that the continued consolidation of BTC price is part of the ‘first price discovery correction’ that occurred between weeks 6 and 8 of the parabolic phase. These corrections last for 2 to 4 weeks. Analyst Axel Adler Jr. also stated that the current decline in BTC is not as severe as the previous consolidation phase, during which BTC fell by more than 26% between July 29 and August 5, 2024. (Cointelegraph)
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