BTC heads into US midterm showdown: Three things to know in Bitcoin this week
Summary
Bitcoin held above its 100-day moving average near $76,548 ahead of US midterm elections, jobs reports and major tech earnings. BTC was down 6.4% for the quarter after its weakest October since 2014, while analysts noted that Bitcoin fell during the fourth quarter of each of the past three midterm years. US payrolls and Federal Reserve signals could influence expectations for rates and risk-asset liquidity. Apple and Palantir earnings were also in focus amid concerns over technology-sector spending and profitability. Chart analyst Rekt Capital compared Bitcoin’s recent support test with its recovery after the 2022 bear-market low, while cautioning that a further dip below support was possible.
