Bitcoin's price chart shows a pattern: after each election-halving pair in 2012, 2016, and 2020, the price rallied hard once both events passed. Right now Bitcoin is flat near its all-time high because election uncertainty is suppressing the halving's usual bullish effect. A breakout could come once the election resolves.
This one crypto chart proves that crypto might be on the cusp of exploding in the rest of 2024. What this chart is showing is the election and the halving overlaid on the Bitcoin price. As you can see, in 2012, once the election and halving were out of the way, we rocketed all the way up. Once again in 2016, once the halving and the election were out of the way, we rocketed up, and then in 2020 as well. Now we're sitting here in 2024 and we're waiting on this election to clear. Halving is usually a bullish event for Bitcoin, but I think the massive uncertainty with this election is causing Bitcoin to stay stagnant right around its old all-time high. And I think once this clears out of the way, especially if Trump wins, we might fly like a rocket. Now, if Kamala wins, I don't know what's gonna happen. It might be the opposite.
