Bitcoin Market Cycles Linked to US Election Patterns: Is a Turning Point Near?
Alphractal CEO Joao Wedson has linked Bitcoin's and XRP's market cycles to recurring U.S. election patterns, highlighting a potential turning point for the cryptocurrency markets.
According to his research, Bitcoin averaged a 54% gain in the 12 months after three completed midterm cycles. In contrast, XRP price surged from about $0.50 to $3.0998 between the 2024 election and inauguration.
The charts suggest that Bitcoin may be approaching another important historical window, but Wedson cautioned that election timing and price recovery alone do not confirm a market bottom has formed.