Bitcoin Price Trends Suggest Potential Bull Market Recovery

According to Odaily, market analysts suggest that a decline in Bitcoin during January is not unusual, indicating a potential recovery of the bull market. Based on a key technical indicator, Bitcoin's price might peak by mid-July 2025. Bitcoin trader and analyst Dave the Wave notes that despite a 14% drop from its all-time high, the 52-week simple moving average (SMA) suggests further upward potential for BTC. Rekt Capital highlights that the ongoing price consolidation is part of the 'first price discovery correction,' typically occurring between the 6th and 8th weeks of the parabolic phase, lasting 2 to 4 weeks. Analyst Axel Adler Jr. points out that the current decline is less severe than previous consolidation phases, where BTC fell over 26% between July 29 and August 5, 2024.

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