Bitcoin Price Could Drop Up to 30% in January 2025

According to BeInCrypto's report, Bitcoin (BTC) price has decreased by 10% in January, but it could still drop further as historical data shows a 25-30% decline in January.

Also Read: 3 Bitcoin Price Model Scenarios for Q1/2025

Bitcoin Price Not Quite Optimistic in January

As of the time BeInCrypto wrote this article, when the market has almost passed the halfway point of January 2025, BTC price has recorded a 10% decline. It dropped from an ATH of $102,300 recorded on 07/01 to below $92,000, before recovering slightly to around $93,000 currently. In this context, looking back at the historical data of previous cycles, we see that this 10% drop in BTC seems to be only halfway through. In other words, BTC price is at risk of further significant decline in this January.

This view has been proven through an analysis by trader Axel Bitblaze on platform X. Axel has compiled the BTC price movements in January in the 2 previous cycles (2017, 2021) and then compared them to the current situation. According to BeInCrypto's observation through this chart, in the 2 previous cycles, BTC price even declined more strongly. Specifically:

• January 2017: Bitcoin price dropped 30%, from $1,130 to $784, before skyrocketing 2,400% to an ATH of $20,000 in December.
• January 2021: Bitcoin price dropped 25%, from over $40,000 to just over $30,000, before increasing 130% to a new record high of $69,000 in November.

This means that if history repeats itself, we may witness BTC price continuing to decline more strongly with an amplitude of 25-30%. If we take the $102,300 mark above as the peak in January, after this adjustment, BTC price could be pushed back to the $76,725 - $71,610 range.

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