#USEquitiesRebound #USNFPCooldown
As the final ballots approach in the U.S. election, anticipation builds not only for political outcomes but also for potential movements in Bitcoin and the broader crypto market. With Kamala Harris and Donald Trump addressing digital assets as part of their campaigns, crypto has emerged as a key topic this election cycle. Investors and analysts alike are closely watching for how election results could impact Bitcoin’s price trajectory, especially as we enter the final months of 2024. Historical data suggests that Bitcoin may see a parabolic rise around election day, a trend that has held through previous election cycles.
Bitcoin’s track record on election days tells a compelling story. In past election years, Bitcoin’s price surged following the election, marking a reliable floor that even a bear market couldn’t erode. In the 2020 election, for instance, Bitcoin traded around $13,569 before rallying to a record-breaking $69,000 in 2021. That election-day price point held firm even through the turbulence of 2022, solidifying its significance as a historical marker. This recurring trend has caught the attention of prominent voices on X (formerly Twitter), pointing to a consistent pattern that may once again unfold.
Looking ahead, Bitcoin could be primed for another notable rally in the final stretch of 2024 and into 2025. Currently trading around $68,700 and revisiting a recent high of $73,737, Bitcoin may be on the brink of surpassing its previous records if election day momentum aligns with historical patterns. Should this trend persist, Bitcoin could set a fresh all-time high, positioning itself stronger than in prior election years. As this critical day nears, the crypto world waits with bated breath for what could be Bitcoin’s next parabolic leap.
