Analyst: If Bitcoin follows the pattern of previous U.S. election years, it may break through in one or two months

Cryptocurrency analyst Matthew Hyland suggests that if Bitcoin follows the pattern of previous U.S. election years, its recent lack of momentum could significantly reverse. Matthew Hyland explained: "Think back to August 2012 when there was a massive stock market crash. Then the stock market slowly entered the U.S. election cycle, and it didn't start to rise sharply until after the election ended. It's expected that Bitcoin will follow this trend; there will be some fluctuations but nothing too crazy, and Bitcoin's price may stay within its current range for a while before possibly breaking out in October or November." However, Markus Thielen, research director at 10x Research advises that Bitcoin holders should wait until asset prices fall below $40,000 to get the best entry price before the next bull market arrives.