This charts the dates of the previous three US Elections (2012, 2016 and 2020) on a log chart, with price on the horizontal axis at daily candle close.
As you can see, once price breaks above (sometimes next day, as in 2020, sometimes a week or more later, as in 2016 and in 2012) price has never returned - ever.
Plotted are the time and percentage difference from election date to cycle ATH. On average it's 387 days apart.
If things play out this time in a similar fashion we can expect this week into mid next week to be the final time BTC will be in the mid 60k per coin - ever.
As you can see, once price breaks above (sometimes next day, as in 2020, sometimes a week or more later, as in 2016 and in 2012) price has never returned - ever.
Plotted are the time and percentage difference from election date to cycle ATH. On average it's 387 days apart.
If things play out this time in a similar fashion we can expect this week into mid next week to be the final time BTC will be in the mid 60k per coin - ever.
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