Bitcoin’s midterm bottom pattern faces a test as QQQ shows mixed returns
Summary
Bitcoin historically reached bear-market lows shortly after U.S. midterm elections in 2015, 2018 and 2022, but its 2026 low came much earlier: $57,850 on July 1, followed by a recovery to about $81,455 by Oct. 22. Past midterm periods also saw bitcoin declines, though technology stocks showed mixed performance. Both bitcoin and QQQ were down about 6% over 30 days, while bitcoin was up 26% over 90 days versus QQQ’s 3%. The comparison suggests bitcoin’s past weakness is more closely tied to its market cycles than to elections.
