Post-midterm elections dump? Bitcoin will see $12K if this 2018 BTC chart fractal is correct
BitcoinPost-midterm elections dump? Makakakita ang Bitcoin ng $12K kung tama itong 2018 BTC chart fractal 10 17 2022 Balita ng Ethereum ng Bitcoin Habang ang Bitcoin (BTC) investors may not consider the United States midterm elections a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends.Bitcoin to hit $12K–$14K after midterms? Comparing Bitcoins price actions prior to the midterm elections of 2018 with those of 2022 shows a strikingly similar bear market trend. For instance, BTC price trended lower in 2018 while holding a horizontal level near $6,000 as support, only to break below it after the midterm elections. In 2022, the cryptocurrency has halfway mirrored this trend. Its price now awaits a close below the current horizontal support level of around $19,000. With the midterm elections scheduled for Nov. 8, the said breakdown scenario could occur sooner or later, as illustrated below. Independent market analyst Aditya Siddhartha Roy thinks Bitcoins price will fall into the $12,000-$14,000 range if a similar breakdown occurs. He further notes that the cryptocurrency could bottom out in November or December 2022, just like in 2018. $ BTC Bottom Analysis Comparing to 2018 2022 Bear market •Support Getting Weak – TrendLine Manipulation – Midterm Elections