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

Tony "The Bull" Severino

Last Updated: June 12, 2024 9:30 am

2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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.

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.

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.

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.”

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.

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

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.