Analysts: Bitcoin May Face Sharp Correction Amid US Midterm Elections; Watch Key $73,000 Support Level
Ali noted that Bitcoin has experienced significant drawdowns during each of the past four U.S. midterm election cycles, with declines reaching 72%, 65%, 52%, and 27% in 2010, 2014, 2018, and 2022, respectively. Additionally, aside from 2010, the fourth quarters of the remaining three midterm election years all recorded negative returns.
