Every midterm year since Bitcoin started trading has been a bear market. 2014, 2018, 2022. Three for three. But in every single cycle, Bitcoin bottomed right around the November elections before ripping into the following year.
2026 is the next midterm, and after a brutal drawdown from the highs, the earliest signs of a turn are starting to show.
Today's standout:
The iShares Bitcoin ETF $IBIT is currently exhibiting a squeeze score of 90.6.
Here’s what the chart looks like:
IBIT is coiling against a well-defined polarity level near 38 as price works to complete a tight tactical base.
A more durable bottom may very well be taking shape here, but for now, there's a clean short-term setup taking shape.
Volatility on the Strazza Indicator has compressed to the lower bound of the YTD range, signaling an energy reset for the next directional move.
