QCP Capital: Current Bitcoin price trends are similar to history, which may indicate a potential rise before the election

Shenzhen TechFlow News, on October 14, QCP Capital’s latest analysis pointed out that the price of Bitcoin rose from US$62,000 to US$65,000. Historical data shows that Bitcoin began to rise significantly three weeks before the US elections in 2016 and 2020. rise. Bitcoin is up only 1.2% so far in October this year, well below the average gain of 21% in previous years. Analysts believe the current price action is similar to history and could signal potential gains ahead of the election. However, investors still need to be cautious and pay close attention to market trends.