ChainCatcher news, according to analyst Axel Bitblaze, although Bitcoin fell by 10% in January, it typically drops by 25% to 30% in January after previous halving cycles, and subsequently rises by 130% and 2400% within the same year.
Bitblaze pointed out that if Bitcoin follows the pattern of the previous cycle, the price could reach over $200,000; if it follows the downward pattern of past cycles, the price could drop below $70,000.
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