{"id":530569,"date":"2023-05-09T13:30:56","date_gmt":"2023-05-09T13:30:56","guid":{"rendered":"https:\/\/ktsl888.com\/?p=530569"},"modified":"2024-06-11T06:54:03","modified_gmt":"2024-06-11T06:54:03","slug":"is-the-next-bitcoin-bull-run-tied-to-the-us-presidential-elections-heres-what-history-tells-us","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/is-the-next-bitcoin-bull-run-tied-to-the-us-presidential-elections-heres-what-history-tells-us\/","title":{"rendered":"Is the Next Bitcoin Bull Run Tied To The US Presidential Elections? Here&#8217;s What History Tells Us"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin (BTC), the world&#8217;s first and largest cryptocurrency, has been associated with several bull runs over the years. One of the most notable uptrends occurred in 2012, and financial analyst and cryptocurrency expert Aditya Siddhartha has <\/span><a href=\"https:\/\/twitter.com\/Adityaroypspk\/status\/22869505?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">linked <\/span><\/a><span style=\"font-weight: 400\">it to the United States of America (USA) Presidential Elections.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/pepe-prices-plummet-by-45\/\" target=\"_blank\" rel=\"noopener \">PEPE Token Futures Cast Gloom For Investors As Prices Plummet By 45%<\/a><\/div>\n<h2><b>\u00a0Why Does The US Presidential Elections Matter For Bitcoin?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to Siddhartha, the 2012 Bull Run of Bitcoin was preceded by a significant drop in BTC\u2019s price, with a decrease of 52% observed in the market. However, after the moving average convergence\/divergence (MACD) Bullish Crossover and all major exponential moving average (EMA) Bullish Crossovers, the market started to gain momentum, and the bull run began.<\/span><\/p>\n<figure id=\"attachment_530570\" aria-describedby=\"caption-attachment-530570\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-530570\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/FvlulI0XsAAmhJg.png?resize=860%2C463\" alt=\"Bitcoin \" width=\"860\" height=\"463\"><figcaption id=\"caption-attachment-530570\" class=\"wp-caption-text\">2012 MACD and EMA bullish cross. Source: <a href=\"https:\/\/twitter.com\/Adityaroypspk\/status\/22869505?s=20\" target=\"_blank\" rel=\"noopener nofollow\">Siddhartha on Twitter.<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">In the case of BTC\u2019s 2012 bull market, the MACD and EMA indicators provided positive signals, leading to increased investor confidence and a surge in demand for Bitcoin. This resulted in a post-Presidential Elections bull run, with Bitcoin\u2019s price increasing by 11800%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the same note, Siddhartha observed that in 2016, BTC\u2019s price experienced a drop of 41% in the run-up to the Presidential Elections. However, after the MACD Bullish Crossover and all major EMA Bullish Crossovers, the market began to gain momentum, and the uptrend started.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following the Presidential Elections, Bitcoin&#8217;s price experienced a post-election bull run, with the price increasing by a staggering 2800%. This surge in price was driven by increased demand from investors and a growing awareness of Bitcoin&#8217;s potential as a store of value and digital asset.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2020, Bitcoin saw a significant drop of 22% before the presidential elections. This drop was largely due to the uncertainty surrounding the outcome of the elections and the potential impact it could have on the economy and the stock market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, according to Siddhartha, following the Presidential Elections, Bitcoin&#8217;s price experienced a post-election bull trend, with the price increasing by 410%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, Siddhartha has suggested that the price of Bitcoin could see a significant pump to $40,000 before the Pre-Presidential Elections in 2024. However, the analyst also anticipates a drop of 25%-30% in the run-up to the elections, similar to previous years.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As in previous bull runs, Siddhartha predicts that the MACD Bullish Crossover and all major EMA Bullish Crossovers will provide positive signals, leading to increased investor confidence and demand for Bitcoin. Following the Presidential Elections, Siddhartha expects a post-election Bull Run, with the price of Bitcoin potentially increasing by 450%, resulting in a price range of $180,000-$200,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, BTC\u2019s price has been on the decline since Saturday. It has lost its previously established range between $28,500 and $29,600 and has once again failed to breach the key level of $30,000.<\/span><\/p>\n<h3><b>BTC\u2019s Price Drops 4% In 24 Hours<\/b><\/h3>\n<p><span style=\"font-weight: 400\">At the time of writing, BTC\u2019s price has been on the decline since Saturday, currently trading at $27,7000. It has lost its previously established range between $28,500 and $29,600 and has once again failed to breach the key level of $30,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This level is important as it serves as a psychological barrier for investors and traders. Currently, BTC is reporting a loss of 4% in the last 24 hours, but, will Bitcoin manage to stop the current trend and attempt another run to surpass the $30,000 level?<\/span><\/p>\n<p><a href=\"https:\/\/twitter.com\/CryptoCon_\/status\/74245391?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">According <\/span><\/a><span style=\"font-weight: 400\">to CryptoCon, Bitcoin has been following the Elliott Wave Theory quite well and even used it to determine the bottom in December 2022 at $16,500.\u00a0<\/span><\/p>\n<figure id=\"attachment_530573\" aria-describedby=\"caption-attachment-530573\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-530573\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/Fvnp5ImXoAAzCt-.jpg?resize=860%2C541\" alt=\"Bitcoin \" width=\"860\" height=\"541\"><figcaption id=\"caption-attachment-530573\" class=\"wp-caption-text\">Elliot Wave&#8217;s theory applied to BTC&#8217;s future price action. Source: <a href=\"https:\/\/twitter.com\/CryptoCon_\/status\/74245391?s=20\" target=\"_blank\" rel=\"noopener nofollow\">CryptoCon on Twitter.<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">CryptoCon explains that, by definition, even wave 3 cannot be over as it would make it shorter than wave 1. This means that there is still room for Bitcoin to experience significant growth in the future, despite any short-term corrections.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/chainlink\/chainlink-link-price-crumbles-as-the-bears-take-down-previous-gains\/\" target=\"_blank\" rel=\"noopener \">Chainlink (LINK) Price Crumbles As The Bears Take Down Previous Gains<\/a><\/div>\n<figure style=\"width: 1813px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/Cew5gBPS\/\" alt=\"Bitcoin \" width=\"1813\" height=\"858\"><figcaption class=\"wp-caption-text\">BTC&#8217;s price declined on the 1-day chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/imgb0rW1\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from iStock, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC), the world&#8217;s first and largest cryptocurrency, has been associated with several bull runs over the years. One of the most notable uptrends occurred in 2012, and financial analyst and cryptocurrency expert Aditya Siddhartha has linked it to the United States of America (USA) Presidential Elections. Related Reading: PEPE Token Futures Cast Gloom For Investors As Prices Plummet By 45% \u00a0Why Does The US Presidential Elections Matter For Bitcoin? According to Siddhartha, the 2012 Bull Run of Bitcoin was preceded by a significant drop in BTC\u2019s price, with a decrease of 52% observed in the market. However, after the moving average convergence\/divergence (MACD) Bullish Crossover and all major exponential moving average (EMA) Bullish Crossovers, the market started to gain momentum, and the bull run began. In the case of BTC\u2019s 2012 bull market, the MACD and EMA indicators provided positive signals, leading to increased investor confidence and a surge in demand for Bitcoin. This resulted in a post-Presidential Elections bull run, with Bitcoin\u2019s price increasing by 11800%. On the same note, Siddhartha observed that in 2016, BTC\u2019s price experienced a drop of 41% in the run-up to the Presidential Elections. However, after the MACD Bullish Crossover and all major EMA Bullish Crossovers, the market began to gain momentum, and the uptrend started. Following the Presidential Elections, Bitcoin&#8217;s price experienced a post-election bull run, with the price increasing by a staggering 2800%. This surge in price was driven by increased demand from investors and a growing awareness of Bitcoin&#8217;s potential as a store of value and digital asset. In 2020, Bitcoin saw a significant drop of 22% before the presidential elections. This drop was largely due to the uncertainty surrounding the outcome of the elections and the potential impact it could have on the economy and the stock market. However, according to Siddhartha, following the Presidential Elections, Bitcoin&#8217;s price experienced a post-election bull trend, with the price increasing by 410%.\u00a0 Furthermore, Siddhartha has suggested that the price of Bitcoin could see a significant pump to $40,000 before the Pre-Presidential Elections in 2024. However, the analyst also anticipates a drop of 25%-30% in the run-up to the elections, similar to previous years. As in previous bull runs, Siddhartha predicts that the MACD Bullish Crossover and all major EMA Bullish Crossovers will provide positive signals, leading to increased investor confidence and demand for Bitcoin. Following the Presidential Elections, Siddhartha expects a post-election Bull Run, with the price of Bitcoin potentially increasing by 450%, resulting in a price range of $180,000-$200,000. At the time of writing, BTC\u2019s price has been on the decline since Saturday. It has lost its previously established range between $28,500 and $29,600 and has once again failed to breach the key level of $30,000. BTC\u2019s Price Drops 4% In 24 Hours At the time of writing, BTC\u2019s price has been on the decline since Saturday, currently trading at $27,7000. It has lost its previously established range between $28,500 and $29,600 and has once again failed to breach the key level of $30,000. This level is important as it serves as a psychological barrier for investors and traders. Currently, BTC is reporting a loss of 4% in the last 24 hours, but, will Bitcoin manage to stop the current trend and attempt another run to surpass the $30,000 level? According to CryptoCon, Bitcoin has been following the Elliott Wave Theory quite well and even used it to determine the bottom in December 2022 at $16,500.\u00a0 CryptoCon explains that, by definition, even wave 3 cannot be over as it would make it shorter than wave 1. This means that there is still room for Bitcoin to experience significant growth in the future, despite any short-term corrections. Related Reading: Chainlink (LINK) Price Crumbles As The Bears Take Down Previous Gains Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":530575,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,78790,6664,1558],"class_list":["post-530569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusdt","tag-crypto","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Is the Next Bitcoin Bull Run Tied To The US Presidential Elections? Here&#039;s What History Tells Us<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC), the world&#039;s first and largest cryptocurrency, has been associated with several bull runs over the years. 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. 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