Is Bitcoin’s “Uptober” Tradition Breaking? Analyst Points to US Midterm Elections and Key Data
Key Highlights: Historical market data indicates Bitcoin gains an average of 53.7% in the 12 months following U.S. midterm elections. Market analyst Omkar Godbole cautions that these post-election rallies may stem from Bitcoin’s four-year halving cycle rather than political events. Bitcoin bear markets have historically coincided with midterm election years, such as 2014, 2018, 2022, ...