Cryptocurrency analyst Axel Bitblaze said that historically, the January bitcoin sell-off has been a common occurrence in the years following the halving, and exemplifies the new highs that followed the 2017 and 2021 sell-offs. 1. In January 2021, the next most recent year after the halving, the bitcoin price fell by more than 25% from more than $40,000 to just over $30,000 by the end of the month. By November, the bitcoin price surged 130% to a new all-time high of $69,000. 2. In January 2017, a year after the 2016 halving, Bitcoin plummeted 30%, from $1,130 to $784. That year, the price of Bitcoin surged 2,400%, reaching an all-time high of $20,000 in December.