Can $BTC hit a new record high before the election?
Technical analyst SuperBro highlighted that Bitcoin’s third-quarter bottoms in 2012, 2016, and 2020 followed strong upward momentum, often leading to price rallies to new record highs after the US presidential elections.
#Bitcoin price performances in the third quarter of US election years. Source: SuperBroGiven this historical precedent, there is growing anticipation that Bitcoin may resume its uptrend as it approaches the November 2024 election, which features a high-stakes contest between Donald Trump and Kamala Harris.SuperBro bolstered his bullish outlook for Bitcoin by referencing the “ left-translated cycle ” theory. This theory posits that Bitcoin’s bullish cycles are beginning earlier and potentially reaching their peaks sooner than in previous cycles.
