Odaily Planet Daily News Bitfinex analysts said that in previous US election cycles, such as 2016 and 2020, Bitcoin experienced a significant decline before the election, followed by a sharp rise after the election. This pattern was also observed in 2012, indicating that trends related to election seasons recur. Historical data shows that in 2016, Bitcoin's decline before the US election was more obvious, falling 30% in the three months before the election, and the price fell from around $750 to a low of $500. (TheBlock)