Bitcoin price: Why $14K looks eerily similar to $700 during the 2016 election

Bitcoin price: Why $14K looks eerily similar to $700 during the 2016 election

Both the 2016 and 2020 U.S. elections have seen little volatility in the price of Bitcoin, but the major multi-year resistance at $14K may finally break if history repeats itself. While most investors and traders anticipated massive volatility to occur through the election hours, little has happened. Bitcoin’s price is still relatively stable and hovering under the crucial resistance of $14,000.At the same time, Bitcoin's price has been moving in tandem with equity markets over the past 24 hours.Bitcoin still can’t break the $14,000 resistanceBTC/USD 1-week chart. Source: TradingViewThe....


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