History is always surprisingly similar, and the pancake has a special connection with the U.S. elections!
2012 U.S. Election: Bitcoin plummeted 75% 80 days before the election. It then started a crazy rally after the election!
2016 U.S. Election: Three months before the election, Bitcoin's price fell from about $750 to a low of $500, a decline of over 30%. It also kicked off a strong rebound bull market.
2020 U.S. Election: In the two months prior, Bitcoin experienced a sharp drop of about 16%, falling from $12,000 to about $10,000, then entered a period of consolidation, only to rebound at the critical moment before the election. By May of 2021, it shot up to $60,000!
2024 U.S. Election: In the three months before the election, a waterfall drop to $49,000 on August 5, followed by a new round of highs starting on October 7.
Conclusion: By using history as a mirror, one can understand the rise and fall! In hindsight, what seems inevitable was always inconspicuous at the time.
