Odaily reports that cryptocurrency analyst Axel Bitblaze stated that historically, Bitcoin selloffs in January are a common phenomenon in the years following a halving, and he cited examples to illustrate that the market reached new highs after the selloffs in 2017 and 2021: 1. In January 2017, the year after the 2016 halving, Bitcoin plummeted 30% from $1,130 to $784. That year, Bitcoin's price soared 2,400% to a record high of $20,000 in December. 2. In January 2021, the latest year after a halving, Bitcoin's price fell over 25% from over $40,000 to slightly above $30,000 by the end of the month. By November, Bitcoin's price surged 130% to a record high of $69,000. (Cointelegraph)