Bitcoin Appears to Decouple from Historical Midterm Cycle Bottoms
Key Highlights: Historically, Bitcoin has established major bear-market bottoms shortly following U.S. midterm elections, reaching cyclical lows in January 2015, December 2018, and November 2022. Unlike previous cycles where bottoms occurred 13 to 71 days post-election, Bitcoin’s lowest level so far in 2024 arrived on July 1 at $57,850—around 125 days ahead of the vote—before ...