Midterm elections 2018 predictions2/24/2023 ![]() ![]() “An additional infusion of funds seems unlikely this year, given the government’s historic levels of spending and stimulus in response to the pandemic," she explains, adding: “The combination of high inflation, the war in Ukraine, and a lingering pandemic has already made this cycle, unlike prior midterm years. With so many other forces at play in the market, I wouldn’t put much weight in historical midterm-year performance.” U.S. That is primarily due to the market’s expectations of higher government spending from a new Congress, notes Liz Ann Sonders, Charles Schwab’s chief investment strategist, who further argues that 2022 could yield a different outcome. Historically, in 17 of the 19 midterms since 1946, the stock market has performed better in the six months after an election than in the six months following it. Both markets have witnessed sharp drawdowns in the period of the U.S. equities grows stronger in the wake of the Federal Reserve’s monetary policies. ![]() The bearish prediction surfaces as Bitcoin’s correlation with U.S. Retweet Appreciated #cryptocurrency #Crypto #ETH $ETH #Binance /GHDiHu4H3H- Aditya Siddhartha Roy❁ OctoStock market warnings for Bitcoin.Support Getting Weak - TrendLine Manipulation - Midterm Elections - Post Midterm Elections Dump - #BTC Bottom.He further notes that the cryptocurrency could bottom out in November or December 2022, just like in 2018. Independent market analyst Aditya Siddhartha Roy thinks Bitcoin’s price will fall into the $12,000-$14,000 range if a similar breakdown occurs. Source: TradingView/Aditya Siddhartha Roy BTC/USD daily price chart featuring 2022 trend. ![]() 8, the said breakdown scenario could occur sooner or later, as illustrated below. With the midterm elections scheduled for Nov. Its price now awaits a close below the current horizontal support level of around $19,000. In 2022, the cryptocurrency has halfway mirrored this trend. BTC/USD daily price chart featuring 2018 trend. Bitcoin to hit $12K–$14K after midterms?Ĭomparing Bitcoin’s price actions prior to the midterm elections of 2018 with those of 2022 shows a strikingly similar bear market trend.įor instance, BTC price trended lower in 2018 while holding a horizontal level near $6,000 as support, only to break below it after the midterm elections. While Bitcoin ( BTC) investors may not consider the United States midterm elections a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |