Crypto
Bitcoin's Election Crash Pattern Sparks Caution Amid Bullish Sentiment
Bitcoin is entering a critical period in the lead-up to the U.S. midterm elections. According to Frank Cappelleri, founder of CappThesis, Bitcoin's chart structure resembles the setup that preceded its last major breakout.
The historical pattern shows that Bitcoin has crashed after every single U.S. midterm election since 2010, with brutal declines ranging from 27% to a staggering 72%. This is not just a minor dip; it's a consistent pattern of post-election collapses that many investors are choosing to ignore.