This Bitcoin Election Strategy Has Worked 3 Times: Here’s When It Says to Buy BTC

It's a simple yet very effective strategy. At least, it has been for the past decade. Popular analyst CryptoGoos outlined a remarkably simple BTC trading strategy that has successfully tracked and identified the asset’s most important cycle bottoms and tops. If it plays out again, the next major buy signal could be happening as we speak (or as you read). The idea is quite interesting – instead of relying on complicated indicators, moving averages, and on-chain metrics, investors should look into the US midterm elections. This striking historical pattern shows that Bitcoin has struggled during every previous midterm election year before recovering strongly once the vote was out of the way. That makes this year and the following several months highly interesting. No Good Midterm Year Given the fact that BTC was essentially an unknown internet magic money in 2010, we won’t count that midterm election year. Instead, we will focus on 2014, 2018, and 2022. A quick look into that shows that all three were ugly. 12 years ago, BTC had already collapsed following the extraordinary 2013 bull market and the failure of Mt. Gox. Fast forward to the 2018 bear market, the cryptocurrency plunged fr...