The US election is fast approaching, with voters set to cast the final votes in the next 48 hours. This election season has seen a unique focus on the crypto industry, as the two major candidates, Kamala Harris and Donald Trump, have addressed the future of digital assets as a key campaign point.

With the election just around the corner, market analysts and investors are closely watching Bitcoin and other cryptocurrencies to see how they may react once the election results are announced. This is because the performance could make or break a continued bullish momentum in November and December.

Interestingly, history shows that the Bitcoin price on US election day has always served as a price floor for a parabolic rally.

Bitcoin’s US Election Day Price Could Set The Stage For A Parabolic Rally

The election’s outcome could play a crucial role in either fueling or stalling the bullish momentum expected to carry through November and December. Particularly, candidates have put forth their views on cryptocurrency regulations and the potential role of blockchain technology in the US economy.

This renewed political interest signals that crypto has firmly entered mainstream policy discussions and could see regulatory shifts based on who wins the presidency.

Nevertheless, history suggests Bitcoin is prime for a rally after the election. Interestingly, Bitcoin has never dipped back lower than the price on election day and has always gone parabolic after a US election. This positive Bitcoin price trend was revealed on social media platform X by a popular crypto media account. 

According to the Bitcoin price chart below, Bitcoin prices in the last three election dates have served as price floo

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Author: Scott Matherson