Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles

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Bitcoin Price ATH Set To Cross $139,000 According To Previous Election Cycles - NewsBTC

Quick Summary:

The analyst made this prediction based on previous election cycles, which were also bullish for the flagship crypto. Bitcoin Price To Reach $139,000 Based On Previous Election Cycles In an X post, TechDev predicted that the Bitcoin price could reach $139,000 in this bull run based on previous election cycles.

The analyst highlighted a pattern whereby Bitcoin’s price replicates its increase from the previous cycle plus an additional 44.5% surge, which led to Bitcoin’s price a year after the US elections. Based on this, TechDev noted that the BTC price could reach $139,000 if it replicates its 4.51x increase from the previous cycle plus an additional 44.5% surge.

Bitcoin was trading at $69,400 on the day of the US presidential elections earlier this month. The US presidential elections have historically been bullish for the BTC price as the flagship crypto always hits new highs after every election cycle.