Post-midterm elections dump? Bitcoin will see $12K if this 2018 BTC chart fra...
Bitcoin accumulation during the 2022 bear market looks stronger than in 2018 but macro headwinds could spoil the party this time around. While Bitcoin (BTC) investors may not consider the U.S. midterm elections as a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends.Bitcoin to hit $12K–$14K after midterms?Comparing Bitcoin's price actions prior to the midterm elections of 2018 with those of 2022 shows a strikingly similar bear market trend. For instance, BTC price trended lower in 2018 while holding a horizontal level near $6,000 as....
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Despite trading more than 40% below its all-time high, with $70,000 serving as a short-term support level, Bitcoin (BTC) may be poised for a repeat pattern that could lead to a 54% increase following this year’s US midterm elections. New research from cryptocurrency exchange Binance suggests that, historically, the aftermath of midterm elections has been positive for both the Bitcoin price and the S&P 500. Will Bitcoin Follow Historical Patterns? The research shows that since 1939, the S&P 500 has reported no negative returns in the 12 months following midterm elections, averaging....
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says U.S. crypto regulations will not come out until after the midterm elections. He explained that President Joe Biden “is not interested in discussing crypto” when his approval ratings have sunk to record lows. O’Leary also cited other factors, including double-digit inflation and high food and gas prices.
Kevin O’Leary on Crypto Regulation, Biden’s Policy
Shark Tank star Kevin O’Leary talked about bitcoin and cryptocurrency regulation in an interview with Stansberry Research,....
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss how much longer this crypto winter could last. On this week’s The Market Report show, Cointelegraph’s resident experts discuss how much longer this crypto bear market could possibly last and when we could see some volatility back in the markets.To kick things off, we break down the latest news in the markets this week:Bitcoin price edges closer to $20K as ‘way worse’ US data boosts stocksA relief bounce on risk assets looks in store after Empire State Manufacturing Index numbers for October fall far short....
Every few years, a chart pattern resurfaces in the Bitcoin market that commands serious attention because it has repeated itself with near-mechanical consistency across every major US midterm election cycle since Bitcoin first started trading. Bitcoin’s price history shows that these election-year corrections often happen near the end of major bull cycles before eventually giving way to another powerful expansion phase. Now, with the 2026 midterm cycle underway and Bitcoin already more than 50% off its all-time high, the coming months could include both a deeper correction and a much....
The Bitcoin and crypto market is kicking off what could be an extremely important week. While the market is currently overwhelmed by the news surrounding the battle between Binance CEO Changpeng Zhao (“CZ”) and FTX CEO Sam Bankman-Fried (“SBF”), the midterm elections and the release of the CPI data in the US are two major events that could be of crucial importance for the market. As Bitcoinist reports, CZ had announced on Sunday that Binance will sell all of its FTT tokens after a report surfaced that FTX’s books are in trouble. Even though FTX and Alameda have denied the rumors, a....