According to ChainCatcher news, cryptocurrency analyst Matthew Hyland said that if Bitcoin follows the pattern of previous US election years, the recent lack of momentum may reverse significantly. Matthew Hyland explained: “Think back to August 2012, when there was a massive crash in the stock market. Then the stock market slowly entered the U.S. election cycle, and the stock market began to rise sharply after the election. It is expected that Bitcoin will also follow this trend, and it will There are some fluctuations, but not too crazy. The price of Bitcoin may remain in the current range for a while, and then may come out of this range in October and November.”
Additionally, Markus Thielen, head of research at 10x Research, suggested that Bitcoin holders should wait and see to get the best entry price before the next bull run arrives.
