For three straight election cycles, Bitcoin found its floor within weeks of midterm voting. This year the pattern shattered, but whether that means the worst is already over or a deeper drop still looms depends on one critical price level.
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In the last three election cycles, Bitcoin (CRYPTO: BTC) has consistently bottomed shortly after U.S. midterm elections. Each time, the Bitcoin midterm bottom arrived between 13 and 71 days after voters cast their ballots. This time, however, Bitcoin broke that pattern early, hitting a low of $57,718 on July 1, well ahead of the November 3 midterms and 125…
