In the run-up to the elections, there is a slight calm, but if you look at the statistics from the last three cycles (the current cycle is the fourth), you can notice that BTC, regardless of who came to power in the USA, continued to grow globally for a year after the elections (I believe this process will not be influenced), before losing over 75-80% of its value. The peak of BTC has always occurred in the period after halving, which coincides with the US elections. I am confident in the continued global growth of BTC for at least the first half of 2025. Without the growth of BTC, it is unlikely that altcoins will also rise, and the outflow of liquidity into them, as statistics show, in the last two cycles also occurred during a similar period, namely — in the first three to four months of the new year after halving. Therefore, I remain optimistic and bet on altcoins.
In the coming days, the market will remain highly volatile. I continue to adhere to a statistical approach and gather patience, although the situation is indeed exhausting. I think we have to wait at most until the first half of December this year.
Technical analysis:
On the weekly timeframe, the close indicates a bearish scenario, but I tend to believe that BTC is very unlikely to drop below $65,500, and ETH below $2,300. The long shadow on the weekly chart indicates a possible decline, but such traps often attract increased short positions.
Forecast for November: the first half of the month — correction, the second half — growth. In December, I expect growth above $74,000. At the end of December and in the first quarter of 2025, I expect the start of altseason in the form that we all have been waiting for! I consider further growth of ETH and altcoins as a priority! Wishing everyone profits.
