Bitcoin’s Midterm Bottom Pattern Faces a Test as QQQ Shows Mixed Returns
Bitcoin’s latest low came months before past midterm bottoms, while the Invesco QQQ Trust has swung between gains and sharp pullbacks.
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6 Articles
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BizTocBitcoin Usually Bottoms After Midterm Elections. What Happens if This Cycle Breaks the Pattern?
For three straight election cycles, Bitcoin found its floor within weeks of midterm voting. This year the pattern shattered, but whether that means the worst is already over or a deeper drop still looms depends on one critical price level.
Bitcoin touched a minimum of $57,850 on July 1, months before the mid-term US elections, and then recovered about 40%. The sequence deviates from the minima recorded after previous votes and reinforces caution against using the electoral calendar as a market forecast.
Analyst Ali Martinez warns that the price of Bitcoin (BTC) could test $73,000 after the November 3, 2026 midterm elections; Glassnode, on the other hand, sees the $80,000–$81,500 range as near-term support...
Could Q4 Turn Painful for Bitcoin? Midterm Elections History Points to Downside Risk
TLDR: Bitcoin fell 72% in 2010, 65% in 2014, 52% in 2018, and 27% in 2022 around US midterm elections. Three of the last four midterm years closed the fourth quarter negative; only 2010 gained 391%. Ali Charts marks $73,000, near the short-term holder cost basis, as the key downside level. The analyst says elections [...]
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