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Bitcoin Fundamental Expert: “Clarity” Comes After “Rocky” Election Ends

Tony Spilotro by Tony Spilotro
2 years ago
in Bitcoin, Cryptocurrency news, Technical analysis
Reading Time: 2 mins read
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An expert in Bitcoin fundamental analysis claims that although the cryptocurrency is bullish currently, things could get “rocky” until after the US Presidential Election concludes.

But as soon as the winner is chosen,  the “clarity” combined with the asset’s halving has in the past provides “solid” foundation for each new bull run to begin.

Bitcoin Halving In The Past, Fundamentals Build On Bullish Base

Bitcoin’s halving is now months behind us, and its time for the stock-to-flow model to prove itself, or fall victim to lengthening cycle theories.

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Thus far, although there’s only been a small sample size to go by, each halving has resulted in a new uptrend. Each Bitcoin halving takes place roughly every four years, reducing the block reward miners receive in BTC, therefore lowering the supply entering the market.

Related Reading | Bitcoin Weekly Momentum Flips Bearish For The First Time Since April

Various tools developed by Bitcoin fundemental expert Charles Edwards indicate that the cryptocurrency is gearing up for another incredible uptrend. His tools, such as the hash ribbons, have provided investors with some of the most profitable buy signals in the asset’s history.

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Edwards has turned several crucial network health metrics into technical analysis indicators. In Edwards’ latest chart, although he’s spared the use of those tools, he’s pointing out that although the crypto asset is indeed bullish, the road ahead for the next few months could be “rocky.”

bitcoin btcusd presidential election risk

BTCUSD Daily Presidential Election Final Stretch "Rocky" Price Action | Souce: TradingView

Crypto Bull Run “Clarity” To Arrive Post Presidential Election

According to Edwards, it is the upcoming United States Presidential election that’s to blame for Bitcoin’s rocky stretch ahead.

Past crypto market cycles show that the leading asset by market grows its bullish momentum leading up to the election, then breaks out into “solid” performance afterward.

Related Reading | Bitcoin Bouncing From Bull Market Support Points To 2021 As The Year Of Crypto

After the election-related uncertainty and risk is removed from markets, the cryptocurrency rises to a new all-time high. Because Bitcoin has only a short, just over a decade long price history, the sample size for this to occur is small.

But so is the halving. Both the halving, and a Presidential election arrives every four years, and we’ll soon find “clarity” on if history will repeat again, or if because of how pivotal and polarizing this election is, if this time truly is different for Bitcoin.

Featured image from DepositPhotos, Charts from TradingView
Tags: bitcoinbtcbtcusdbtcusdcBTCUSDTcryptoxbtxbtusd
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter at @tonyspilotroBTC and feel free to drop me a line if you would like to work together.

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