Simplistic title over a matter as complicated and important as the upcoming U.S. Presidential Elections this November, but completely true in terms of pragmatism.
As this straightforward 1W chart shows, Bitcoin (BTCUSD) isn't just bulletproof when it comes to the elections but in fact it gains extreme buying momentum irrespectively of the winner (Democrat or Republican).
Obama in 2012, Trump in 2016, Biden in 2020 all those elections had in common the enormous Parabolic Rally that was initiated exactly after the result. That was on all Cycles the most aggressive phase, clearly showing that investors just need the elections to be over in order to buy risky assets confidently without this macro event in the way. Usually this comes with fresh presidential assurances that the 'market remains strong and we will do everything to keep it this way' etc, so it makes sense.
What is equally interesting is that Bitcoin tends to top roughly a year after the elections:
November 06 2021 = Bitcoin topped 385 days later
November 08 2016 = Bitcoin topped 399 days later
November 03 2020 = Bitcoin topped 371 days later
This model indicates that even if we can't estimate accurately BTC's top in terms of price, we can time it. And based on the November 05 2024 elections, historically the minimum time it could time for BTC to reach a new Cycle top, would be 371 days, giving us a rough date around the week of November 10 2025!
But what do you think? Is Bitcoin about to get the boost of its life after the U.S. elections? And if yes, is it realistic to expect a top around November 2025?? Feel free to let us know in the comments section below!
#BinanceLaunchpoolHMSTR #BTCPredictedNewATH #BTCPredictedNewATH #moonbix #BTCReboundsAfterFOMC
