Honestly, I don't know if it will happen, but... I was looking at the charts, and it's striking how Bitcoin tends to fall around this time of year (November 3, to be exact).
The U.S. midterm elections always bring a big drop.
2010: -72% (45 days) 2014: -65% drop over several weeks 2018: -45.5% in just 30 days 2022: -27% rapid crash (14 days)
To be honest, I still can't figure out why, haha. Well, I suppose coins like $SOL or $ETH will follow Bitcoin's trends.
Guys, I was just looking at the charts and it's interesting how Bitcoin always drops around this time. History doesnโt lie US midterms always trigger a massive post-election discount before the real bull run. ๐๐บ๐ธ
Past post-midterm drops: - 2010: -72% capitulation (45 days) - 2014: -65% multi-week slide - 2018: -45.5% in just 30 days - 2022: -27% flash crash (14 days)
With November 3rd coming up, another volatility window is opening
To be honest, I still don't fully get the exact reason why this pattern repeats so perfectly.
$FOGO It will increase in value again, however, this will take some time. FOGO experienced some problems a month ago and its recovery is taking a bit longer than expected.