Could Q4 Turn Painful for Bitcoin? Midterm Elections History Points to Downside Risk

TLDR: Bitcoin fell 72% in 2010, 65% in 2014, 52% in 2018, and 27% in 2022 around US midterm elections. Three of the last four midterm years closed the fourth quarter negative; only 2010 gained 391%. Ali Charts marks $73,000, near the short-term holder cost basis, as the key downside level. The analyst says elections may not cause the declines, as market cycles and liquidity also mattered. Bitcoin midterm elections have preceded steep price drops in each of the last four US cycles, according to market analyst Ali Charts.