Bitcoin Flips a 12-Year Midterm Pattern. Can It Hold Through Friday?
Summary
Bitcoin traded near $76,990 on November 3, about 5.2% above its 200-day moving average, marking a stronger midterm-election starting position than in 2014, 2018 or 2022, when it was below the trend line. Bitcoin rose in the year after each of those elections, averaging 53.7%, but the small sample and shared halving-cycle timing make that no reliable forecast. Investors are watching whether BTC holds above its 200-day average after U.S. midterm results and Friday’s October jobs report, which could shift expectations for Federal Reserve rates.
