Joao Wedson Links Bitcoin and XRP Cycles to U.S. Midterms: Is the Bottom Near?
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Alphractal CEO Joao Wedson ties crypto market cycles to U.S. midterms, noting Bitcoin averaged a 54% gain in the 12 months after three completed midterm cycles and XRP surged from about $0.50 to $3.0998 between the 2024 election and inauguration. His July 30 charts suggest Bitcoin may be approaching another historical bottoming window, but Wedson cautions that election timing and price recovery alone do not confirm a market bottom.
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- Alphractal links Bitcoin’s and XRP’s market cycles to recurring U.S. election patterns.
- Bitcoin averaged a 54% gain in the 12 months after three completed midterm cycles.
- XRP price surged from about $0.50 to $3.0998 between the 2024 election and inauguration.
Alphractal CEO Joao Wedson has linked Bitcoin’s and XRP’s major market turns to U.S. election cycles, highlighting recurring weakness before midterms and stronger performance afterward.
His charts suggest Bitcoin may be approaching another important historical window. Nevertheless, Wedson cautioned that election timing and price recovery alone do not confirm that a market bottom has formed.
Bitcoin’s Midterm Cycle Points to a Broader Bottoming Window
In a July 30 X post, Wedson said Bitcoin entered a bear market roughly one year before each U.S. midterm cycle shown in his chart. In every case, h…
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