Odaily report: Market analysts say that the Bitcoin drop in January is not uncommon for BTC. Therefore, the bull market may recover, and according to a key technical indicator, the Bitcoin price may reach its peak in mid-July 2025. Bitcoin trader and analyst Dave the Wave said that although the price has fallen 14% from its all-time high, the 52-week simple moving average (SMA) shows that BTC still has room for upside. Rekt Capital said that the continued consolidation of Bitcoin prices is part of the "first price discovery correction", occurring between the 6th and 8th weeks of the parabolic phase. These corrections last 2 to 4 weeks. Analyst Axel Adler Jr. said that the current Bitcoin decline is not as severe as the previous consolidation phase, in which BTC fell more than 26% between July 29 and August 5, 2024. (Cointelegraph)