BTCUSDT
We have experience with 2018 (mid), 2020 (pre), 2022 (mid) and now 2024 (pre).
Ok... I will need your help because this is all speculative opinion and we have no experience with politics... How is Bitcoin likely to be affected by the USA elections?
ā We have experience with a capitulation process matching the 2018 midterm election (bearish-negative).
ā The 2020 presidential election resulted in a continuation of a major bullish cycle. Capitulation happened much earlier but in the same year (March 2020).
ā In 2022 the midterm election matched another capitulation process and bottom (bearish-negative).
ā In 2024, we can assume that Bitcoin will be in a bullish phase when election time comes; based on previous patterns and price dynamics.
š Since Bitcoin is shaking now, we can say that the current market situation supports our main bias. Rather than Bitcoin producing a low now, June/July, and then moving to produce a lower low in November to then proceed to perform its major bull-market bull-run bullish rally, instead, Bitcoin can easily produce whatever bearish/negative action it needs to produce now, June-August, to grow straight up all the way to the new ATH in 2025.
š Based on past history, we can assume that this election year will be positive for Bitcoin.
Not that I am biased to my own projection, but that a correction is needed sooner rather than later for the historical patterns to hold.
Please, share your own views and opinions in the comments section below.
The candidate that shows the strongest support for Bitcoin and the Cryptocurrency market shall win the 2024 presidential elections.
The people want Bitcoin.
We want Cryptocurrency.
For those wondering about the current presidential elections here is the analysis.
Bitcoin is always bullish after the elections, regardless of who wins.
"The candidate that shows the strongest support for Bitcoin and the Cryptocurrency market shall win the 2024 presidential elections."
ā¢ Trump won the elections.
ā¢ Bitcoin won the elections.
ā¢ Cryptocurrency won the elections.
ā¢ Freedom won the elections.
ā¢ We won the elections.
We will have the greatest bull-market ever in 2025.
