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

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 the potential to rise. Although many recent studies and data have given different predictions, Bitcoin has always followed the logarithmic growth curve (LGC). When the 52-week SMA touches the middle track of the LGC channel, the Bitcoin price usually reaches its peak.

Dave the Wave mentioned in a post on January 13 that when the one-year moving average touched the midpoint of the LGC channel, the Bitcoin price peaked, which indicates that Bitcoin may reach a peak again in the middle of the year. He predicts that the top of Bitcoin in 2025 may appear within a few days to a few months before and after the one-year SMA crosses the LGC midline, around mid-July. In addition, he believes that the less steep one-year moving average means that "the market is maturing."