Bitcoin Sank After the Past Two Midterms. Here's Why This Time May Be Different
Market / Price
Bitcoin (CRYPTO: BTC) climbed towards $84,500 Wednesday and may have already bottomed months ahead of its usual post-midterm pattern, according to a prominent trader Why This Midterm Cycle Could Look Different Widely-followed cryptocurrency trader Castillo Trading posted on X that Bitcoin dropped 42% in Q4 2018 and 14% in Q4 2022, the two prior midterm years, with both selloffs arriving after the election rather than before. This year, he argues Bitcoin may have already bottomed near $58,000 back in the summer, roughly five months earlier than the usual pattern.
BTC
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