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Renowned analyst Benjamin Cowen warns that Bitcoin (BTC) 
$97,037 might experience a correction at the beginning of 2025, following its first halving year. Historical patterns show that previous halving years have seen significant price corrections in January, prompting Cowen to highlight the possibility of Bitcoin facing double-digit percentage declines during this period.
Historical Corrections
Cowen emphasizes that in the aftermath of the last two halvings, January corrections averaged around 30%. He noted that similar patterns occurred in January 2017 and 2021, with Bitcoin dropping approximately 30% during those months.
“At least in the last two halving years, a correction occurred in January. In 2017 and 2021, we recorded about a 30% drop in January.” – Benjamin Cowen
However, Cowen suggests that this year’s trajectory might differ. He pointed out that a correction already occurred in December, indicating that it could reflect expectations for January’s correction.
“The counterargument is that Bitcoin may have already declined in December, possibly anticipating …
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