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Bitcoin dropped over 60 percent in May of U.S. mid-term years, Davinci Jeremie notes
Davinci Jeremie, Crypto Influencer at https://x.com/Davincij15, observes that during U.S. mid-term election years, the month of May has seen notable reversals for Bitcoin.
Specifically, in 2014, 2018, and 2022, Bitcoin experienced respective declines of 77%, 69%, and 61% during May. Davinci Jeremie questions whether the pattern will repeat in the upcoming cycle.
Earlier this year, Davinci Jeremie pointed to a potential breakout in the copper/gold ratio and suggested Bitcoin could see a parabolic move as a result, according to a previous report. He has also commented on promotions for first-time users in the remittance sector, including a Remitly offer for AED 75 off transfers of AED 750 or more. These observations reflect Jeremie’s ongoing engagement with market signals and fintech initiatives.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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