Golden Finance reported that cryptocurrency analyst Axel Bitblaze said that historically, the Bitcoin sell-off in January is a common phenomenon in the years after the halving, and gave examples of new highs in the market after the sell-offs in 2017 and 2021: 1. In January 2021, the next most recent year after the halving, the price of Bitcoin fell by more than 25% from over $40,000 to just over $30,000 by the end of the month. By November, Bitcoin prices soared 130%, hitting an all-time high of $69,000. 2. In January 2017, one year after the 2016 halving, Bitcoin plummeted 30%, from $1,130 to $784. Bitcoin prices soared 2,400% that year, hitting an all-time high of $20,000 by December.