BTC Rebound to $65,000 Linked to Mt.Gox Repayment Delay

According to Odaily, QCP Capital has analyzed that Bitcoin's recent rebound to $65,000 may be related to the postponement of Mt.Gox's repayment deadline to October 2025. While various factors could explain the current price movement, historical price trends offer an intriguing perspective. Currently, it is mid-October, just three weeks away from the U.S. presidential election. Looking back at 2016, Bitcoin traded within a very narrow range for over three months. It wasn't until three weeks before the U.S. election that Bitcoin began to rise from $600, eventually doubling its price by the first week of January. Similarly, in 2020, Bitcoin was stuck in a stagnant range for nearly six months. It started to rebound from $11,000 three weeks before the U.S. election, reaching a peak of $42,000 by January. So far, October's performance has been relatively disappointing, with Bitcoin only up by 1.2%, compared to an average increase of 21%.