Cryptocurrency analyst Matthew Hyland said that if BTC follows the pattern of previous US election years, the recent trend of lack of momentum may undergo a significant reversal. Matthew Hyland explained, "Remember August 2012 when the stock market experienced a massive crash. Then the stock market slowly entered the US election cycle, and it wasn't until after the election that the stock market started to pump significantly. It is expected that BTC will also exhibit this trend, with some fluctuation, but not too crazy. The price of BTC may remain within the current range for a while and then may break out of this range in October or November." However, Markus Thielen, Head of Research at 10x Research, advised BTC holders to wait and observe until the asset price falls below $40,000 in order to get on board at the best price before the next bull market.