Bitcoin may have broken from its usual midterm-cycle bottom pattern
Past bitcoin bear-market lows came after U.S. midterm elections. This year's recovery suggests the market bottom may have arrived months earlier. If so, the usual election-cycle timing may not guide traders this time.
Why it matters
- Past bitcoin bear-market bottoms have typically followed U.S. midterm elections.
- This year's recovery raises the possibility that the bottom came months sooner.
- Traders relying on the midterm cycle pattern may need to reassess their timing.
What to watch next
Watch whether bitcoin keeps its recovery and holds above its recent lows as the U.S. midterms approach.
