Bitcoin Midterm Election Cycle Pattern Points To $35,000–$40,000 Bottom And Long-Term $400,000 Target

According to analyst Crypto Patel's historical chart study, Bitcoin has posted large drawdowns during each completed US midterm election year, with bottoms forming one to two months after the vote. After peaking in October 2025 and dropping to around $63,000 at the February low, Bitcoin now trades near $73,600, roughly 42% below its all-time high. If the midterm pattern repeats, the price could revisit the $35,000–$40,000 area between November 2026 and February 2027 before an eventual multi-year advance that might send BTC above $400,000.