Could Q4 Turn Painful for Bitcoin? Midterm Elections History Points to Downside Risk
Bitcoin
bitcoin
Bitcoin correction
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Short-Term Holder Cost Basis
US midterm elections
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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Source: Source: Blockonomi