After peaking ever closer to its all-time high [ATH] with a price of $73,600, Bitcoin [BTC] took a detour. In fact, it slid down to low of...
Historical patterns pointed to an upcoming bull rally on the chartstook a detour. In fact, it slid down to a low of $67,459 on 3 November.Why is Bitcoin down?
ongoing decline seems to be mirroring these past patterns, with Bitcoin losing over 8% of its value since the aforementioned high.A similar outlook was shared by Quinten Francois, Co-founder of WeRate, who explained that the period of heightened unpredictability before elections directly impacts investor sentiment. He“Financial markets don’t like uncertainty. There is a lot of uncertainty going into election week. That’s why $BTC is down.”“Bitcoin always dumps right before the U.S. elections.
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