mignolet|Nov 05, 2026 11:11
The midterm election results weren't ambiguous. The outcome was clear, and Trump accepted it.
Looking at this from my perspective, as someone who still believes the Bitcoin market needs sufficient time for accumulation, I actually think a sharp drop in Bitcoin's price would have been better if market makers were going to use the midterm elections as a catalyst.
Why?
Because the market had already established a clear narrative about how Bitcoin should react depending on which party won the midterm elections.
If Bitcoin had dropped sharply in line with that narrative, it could have quickly shaken investor sentiment and potentially accelerated the process of finding a market bottom.
But instead, we're seeing short-term bullish expectations building again while Bitcoin is still stuck in an uncertain price range.
I think this could actually make things more complicated.
As investors go through repeated cycles of hope and disappointment, market uncertainty could persist, and the accumulation phase may end up taking even longer than expected.
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