Bitcoin’s Fear & Greed matches election-year levels: Will BTC repeat its gains?
Bitcoin could rally around US election, driven by historical trends and bullish indicators.
Bitcoin [BTC] could be in for a dramatic ride with the US Presidential elections, but the result will hugely influence its movement.
Historically, BTC has shown significant price action movements around election periods, and this time could follow a similar trend.
Bitcoin levels of Fear and Greed Index was at belief as of press time, suggesting price might rally due the influence of US election outcomes on crypto markets.
The US elections have consistently impacted cryptocurrencies like Bitcoin. As one of the world’s largest economies, the United States plays a crucial role in market liquidity.
Source: Glassnode
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