**Bitcoin Price Patterns Mirror Past Election Years**

Bitcoin’s price is showing familiar patterns seen in previous U.S. election years, according to crypto analyst Matthew Hyland. He notes that Bitcoin's recent consolidation and downturn, dropping below $50,000 in early August, mirrors trends from 2012, 2016, and 2020.

Hyland predicts Bitcoin will remain in its current range until October or November, potentially rising post-election. Currently, Bitcoin trades at $59,089, down 9.78% since mid-July.

Other analysts suggest Bitcoin could dip further, possibly revisiting the $40,000 range. Markus Thielen of 10x Research advises waiting for prices to hit the low $40,000s for an optimal entry point ahead of the next bull run.