Bitcoin Could Follow 2018 and 2022 Playbook as U.S. Midterms Near Before Rally, Analyst Warns
Photo: ZyCrypto
Bitcoin (BTC) could face further losses ahead of the November 3 U.S. midterm elections before recovering in 2027, as analysts compare it to previous election cycles. In a Tuesday post on X , CryptoQuant analyst Satoureireal cited data from blockchain analysis firm Alphractal showing that Bitcoin suffered significant corrections around the 2018 and 2022 midterms before recovering the following year. BTC bottomed in late 2018 before rebounding in 2019, while the 2022 bear market gave way to a recovery in 2023.
Source: ZyCrypto
