Good morning everyone, I came across an interesting trend of the influence of the US Presidency election on Bitcoin.
As you may have already noticed, the market is cyclical, to take even an elementary example - the month of UP-Tecember, in which Bitcoin regularly grows. You shouldn't rely on it 100%, but it's better to take note.
So, I came across an interesting chart that shows a pretty clear trend of Bitcoin rising right after the election, as well as a slight rise before the election.
It's not a big deal, and such a thing is related to the fact that: In the run-up to the election, the old government will pamp the markets to show how cool it is under them.
And with the arrival of the new president, it is also necessary to pamp the markets to show the workers the rightness of their choice. Also on the upside, there may be natural uncertainty after the election - hamsters are looking for protective assets = BTC.
So, keep in mind - The new election of the US president will be on November 5, 2024. 0 reply
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