PANews reported on January 13 that according to Cointelegraph, Bitcoin has fallen 3% in the last 24 hours and 8% in the past week. However, market analysts say that such a decline in Bitcoin in January is not unexpected. They believe that based on key technical indicators, the bull market may recover, and Bitcoin prices are expected to reach a peak in mid-July 2025.

The well-known Bitcoin analyst Dave the Wave pointed out that based on the trend of the 52-week simple moving average (SMA), Bitcoin still has upside potential. Although recent studies and data have provided different forecasts, Bitcoin has always followed the logarithmic growth curve (LGC). When the 52-week SMA reaches the midline of the LGC channel, Bitcoin prices usually reach their peak.

In a post on January 13, Dave the Wave mentioned that when the one-year moving average reaches the midpoint of the LGC channel, Bitcoin prices reach their peak, which suggests that Bitcoin may reach a new high again around mid-year. He expects that the top of Bitcoin in 2025 may appear a few days to a few months around the time when the one-year SMA crosses the midline of the LGC, around mid-July. In addition, he believes that a less steep one-year moving average means that "the market is maturing".