Market Reactions in Last 3 U.S. Elections and BTC Target $95k!

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Let's look at how the market reacted in the last 3 elections!

- 2012: Obama re-elected ➡️ Initial stock sell-off over fiscal cliff fears, then strong rally post-deal. Crypto is mostly unaffected.

- 2016: Trump wins ➡️ Stock rally on tax cut & deregulation optimism. Bitcoin starts climbing, hinting as a "digital gold."

- 2020: Biden wins amidst pandemic ➡️ Stocks surge on stimulus hopes. Crypto enters a major bull run, with BTC skyrocketing as an inflation hedge.

🗝️ Elections = market volatility & opportunity!

Regardless of who wins, BTC will likely reach a new ATH by the end of 2024.
Altcoins will likely follow later. IMHO, alts are already heavily discounted. Even if BTC dominance rises and alts take another dip, it’s wiser to DCA into the weaker ones instead of selling near their high-timeframe lows.

Think twice before hitting that sell button. The next 6-8 months could be legendary. It won’t be easy, but the rewards will be worth it.

#BITCOIN UPDATE:-

BTC looks solid for now. There’s still a possibility for BTC to hit the 60K level if Kamala wins; it’s not certain, but it’s a topic circulating in the crypto space. This could act as a short-term downside catalyst, with bulls likely stepping in quickly, leaving a long wick below the resistance turned support.

A retest is underway on the daily, weekly, and monthly charts! I’m anticipating BTC to reach between 82K and 95K by the end of the year.

DYOR, NFA.

Do hit the like button and share your views in the comment section!

Thank you

#PEACE

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עסקה פעילה

The BTC weekly chart looks solid, holding support with a clean retest. Things should become clearer once the election results are in!

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עסקה פעילה

BTC Daily looks fine too!