š Bitcoin and the āruleā after midterm elections: Will history repeat itself?
Looking at data from past U.S. midterm elections (2014, 2018, 2022), a fairly clear trend emerges: BTC often faces steep downward pressure during election years, but then makes a strong comeback within the following year.
Take a look at the gains over the 12 months following each election:
ā 2014: Up ~24.5%
ā 2018: Up ~44.9%
ā 2022: Up ~92.3%
Notably, election years are often bear markets, with declines ranging from 56% to 73%. The bottom is usually reached within 13 to 71 days after the event.
š Key points to keep in mind:
- Short-term uncertainty ahead of elections often sets the stage for a new growth cycle.
- However, donāt forget that Bitcoinās 4-year cycle and macro liquidity conditions are the main factors at play.
- The market will be extremely volatile, and patience is the key for investors right now as they wait for the next major wave.
Do you think this scenario will play out again, and how much will BTC gain? Letās discuss!
š Stay the course ā Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC
Looking at data from past U.S. midterm elections (2014, 2018, 2022), a fairly clear trend emerges: BTC often faces steep downward pressure during election years, but then makes a strong comeback within the following year.
Take a look at the gains over the 12 months following each election:
ā 2014: Up ~24.5%
ā 2018: Up ~44.9%
ā 2022: Up ~92.3%
Notably, election years are often bear markets, with declines ranging from 56% to 73%. The bottom is usually reached within 13 to 71 days after the event.
š Key points to keep in mind:
- Short-term uncertainty ahead of elections often sets the stage for a new growth cycle.
- However, donāt forget that Bitcoinās 4-year cycle and macro liquidity conditions are the main factors at play.
- The market will be extremely volatile, and patience is the key for investors right now as they wait for the next major wave.
Do you think this scenario will play out again, and how much will BTC gain? Letās discuss!
š Stay the course ā Follow the channel https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC