Bitcoin holds above 200-day average ahead of U.S. midterms

Community Trust Score Verified 81 % Real Verified 27 votes Updated 7 minutes ago On the morning of November 3, Bitcoin ( BTC ) traded near $76,990, placing the asset roughly $3,821 above its 200-day moving average. This position marks a distinct departure from previous U.S. midterm election cycles, where Bitcoin was trading below that technical line on election day in 2014, 2018, and 2022. The 200-day moving average currently sits at approximately $73,169. This level serves as a key indicator for the longer-term trend, with prices above it generally signaling a shift in favor of buyers.