Bitcoin Election-Year Trend U.S. Election Patterns Point to New BTC Highs
Bitcoin, which was founded in 2009, is set to go through its fourth election in the United States. The biggest cryptocurrency has never fallen back to its election-day price, according to data from the three prior instances. The price of Bitcoin should reach its peak in around a year if this pattern continues.
- 2012: Bitcoin was trading about $11 during the 2012 U.S. election, which also happened on November 5. When the cycle peaked in November 2013, the price of Bitcoin skyrocketed by about 12,000%, reaching over $1,100.
- 2016: Bitcoin was trading at about $700 during the first week of November. It increased by almost 3,600% to reach its high in December 2017 at nearly $18,000.
- 2020: A year after the most recent vote, which took place in November 2020 and corresponded with the COVID-19 pandemic, bitcoin surged 478% to reach a peak of about $69,000. In March 2024, it reached a record high of over $73,000.
How the U.S. Presidential Election Could Trigger Bitcoin’s Next Surge?
As we await the outcome of Tuesday’s U.S. presidential election, cryptocurrency markets are probably going to continue to fluctuate. This will most likely determine how much cryptocurrency prices will be soon. However, if the trend from earlier votes is replicated, bitcoin is probably going to see a big surge after things calm down.
With the price of bitcoin so much greater than it was four years prior, the extent of the surge has decreased after each incident, resulting in diminishing returns. Between the first and second numbers, there is a 70% drop in percentage. It’s 87% between the second and third. If the trend continues and the decline is projected to be around 90% this time, a post-election rally of around 47.8% is implied. By the fourth quarter of 2025, bitcoin would have reached roughly $103,500.
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