Bitcoin is entering the US midterm elections in a very different position from previous cycles. In 2014, 2018 and 2022, BTC was trading below its 200-day moving average on election day. This time, it’s approximately 5.2% above it. That’s an interesting difference, especially after Bitcoin already went through a significant correction earlier this year. Historically, BTC has also been higher 12 months after all three previous midterm elections. I’m not treating three data points as a guaranteed prediction, but the longer-term setup is certainly different this time.
