BitcoinNews on Nostr: 🇺🇸 COINDESK: BITCOIN'S MIDTERM BOTTOM PATTERN MAY NOT REPEAT Bitcoin's last ...
🇺🇸 COINDESK: BITCOIN'S MIDTERM BOTTOM PATTERN MAY NOT REPEAT
Bitcoin's last three bear-market lows came about 71, 38 and 13 days after the 2014, 2018 and 2022 US midterms, CoinDesk reports.
This year's low of $57,850 came on July 1, about 125 days before the Nov. 3 vote.
By Oct. 22, Bitcoin had recovered about 40%, to roughly $81,455.
CoinDesk says Bitcoin's midterm weakness looks tied more to its own market cycles than to elections.
If the July low holds, traders waiting for a post-election bottom have already missed a 40% rebound. The vote is in 11 days.
Published at
2026-10-24 04:03:20 UTCEvent JSON
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"content": "🇺🇸 COINDESK: BITCOIN'S MIDTERM BOTTOM PATTERN MAY NOT REPEAT\n\nBitcoin's last three bear-market lows came about 71, 38 and 13 days after the 2014, 2018 and 2022 US midterms, CoinDesk reports.\n\nThis year's low of $57,850 came on July 1, about 125 days before the Nov. 3 vote. \n\nBy Oct. 22, Bitcoin had recovered about 40%, to roughly $81,455.\n\nCoinDesk says Bitcoin's midterm weakness looks tied more to its own market cycles than to elections.\n\nIf the July low holds, traders waiting for a post-election bottom have already missed a 40% rebound. The vote is in 11 days.\n\nhttps://image.nostr.build/59d71f6654133e4d585d514eb02b53f1f0819c415a45c2f181eb59b384bcb3d3.jpg",
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