{"id":26954,"date":"2024-08-17T10:30:21","date_gmt":"2024-08-17T07:30:21","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=26954"},"modified":"2024-08-17T10:30:41","modified_gmt":"2024-08-17T07:30:41","slug":"bitcoins-price-patterns-mirror-previous-elections","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoins-price-patterns-mirror-previous-elections\/","title":{"rendered":"Bitcoin’s Price Patterns Mirror Previous US Election Years"},"content":{"rendered":"

According to some analysts, the price chart of Bitcoin<\/strong> reveals patterns similar of prior U.S. election<\/strong> years, which might lead to a probable reversal in its present bad performance. Expert in cryptocurrencies Matthew Hyland<\/strong> noted in an August 16 video themes from 2012, 2016, and 2020\u2014all of which occurred before to the U.S. presidential elections\u2014mirrored in Bitcoin’s current long-standing consolidation followed by a downturn.<\/p>\n

Hyland<\/strong> claims that in preceding election years, Bitcoin experienced significant losses in August followed by a comeback in the months before the vote. As history cycles have indicated, he predicts a probable breakthrough in October or November; nonetheless, he expects Bitcoin’s price to remain erratic for a bit.<\/p>\n

Not all vendors, however, have optimism. Some believe that Bitcoin could witness further bearish swings before any meaningful return. Others, like MN creator Michael van de Poppe, advised of further lows should Bitcoin<\/strong> lose crucial support levels; crypto trader Rager expressed his view that the price may collapse below its existing level by the end of September.<\/p>\n

Before buying Bitcoin<\/strong>, consumers should wait for a probable drop below the low $40,000<\/strong> level, advises Markus Thielen of 10x Research; this might be the best entry point ahead of the next bull run.<\/p>\n

At the time of posting, Bitcoin<\/strong> is selling $59,207; down 10% from July 18.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i>Telegram, <\/span><\/i><\/a>YouTube<\/span><\/i><\/a>, and <\/span><\/i>Twitter<\/span><\/i><\/a> channels for the latest <\/span><\/i>news<\/span><\/i><\/a> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

According to some analysts, the price chart of Bitcoin reveals patterns similar of prior U.S. election years, which might lead to a probable reversal in its present bad performance. Expert in cryptocurrencies Matthew Hyland noted in an August 16 video themes from 2012, 2016, and 2020\u2014all of which occurred before to the U.S. presidential elections\u2014mirrored<\/p>\n","protected":false},"author":6,"featured_media":21510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[61,7942,7941],"class_list":["post-26954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-bitcoin","tag-matthew-hyland","tag-us-elections"],"yoast_head":"\nBitcoin's Price Patterns Mirror Previous US Election Years - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoins-price-patterns-mirror-previous-elections\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin's Price Patterns Mirror Previous US Election Years - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"According to some analysts, the price chart of Bitcoin reveals patterns similar of prior U.S. election years, which might lead to a probable reversal in its present bad performance. Expert in cryptocurrencies Matthew Hyland noted in an August 16 video themes from 2012, 2016, and 2020\u2014all of which occurred before to the U.S. presidential elections\u2014mirrored\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/bitcoins-price-patterns-mirror-previous-elections\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-17T07:30:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-17T07:30:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/05\/DALL\u00b7E-2024-05-29-08.24.56-A-scene-depicting-the-2024-United-States-presidential-election-with-a-focus-on-Bitcoin.-On-the-left-side-show-a-candidate-giving-a-speech-in-front-of.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoins-price-patterns-mirror-previous-elections\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/bitcoins-price-patterns-mirror-previous-elections\/\",\"name\":\"Bitcoin's Price Patterns Mirror Previous US Election Years - 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