- Benjamin Cowen reported that Bitcoin has experienced significant adjustments every January following the halving year.
- In the past, there were large-scale adjustments of about 30% in 2017 and 2021.
- He mentioned that there might be movements different from past patterns this January.
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Bitcoin (BTC) is expected to face a strong adjustment this January.
According to a report by Daily Hodl on the 2nd (local time), renowned cryptocurrency analyst Benjamin Cowen mentioned the possibility of a decline in Bitcoin.
Benjamin Cowen explained, "Bitcoin has always faced a significant adjustment in January following the halving year. Both in 2017 and 2021, there was a large-scale adjustment of about 30%, so a similar event could occur this January as well."
However, he also noted that there are clear differences in technical analysis compared to the past. He stated, "In the past, the year-end after the halving showed a pattern of rising followed by a decline. In 2016, there was a rise in December followed by a decline in January, and the same happened in 2021, but this year, the market is continuing after a decline in December."
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