Data from the past shows that the price $BTC increases after each election, and this time the likelihood of repeating it is obvious, but most of the community is quite pessimistic about the market because accounts are still being divided quite a bit.
- The years with Bitcoin Halving coincide with the years of the U.S. presidential elections, both are major events affecting the price of Bitcoin in particular and the economy in general.
- These periods are also phases where inflation is gradually being controlled and interest rates are lowered.
- Eventually, everything will return to normal, BTC will still break ATH, and there will still be an altcoin season.
- However, the gloomy atmosphere still envelops the entire market; most altcoins are being divided quite a bit because BTC is still unstable and has not yielded market share to the altcoins.
- This month there will be 2 extremely important news: the result of the U.S. presidential election and the news of interest rate cuts; we may have to wait for these 2 pieces of news to come out and for BTC to stabilize a bit more before we can hope for the altcoins to turn green again.
