Bitcoin Price Recovery Rebounds Toward $80,000 After Election Sell-Off

Bitcoin rebounded from below $76,000 to test the $78,500 to $80,000 range after election results. More than $230 million in Bitcoin call options were reportedly bought near the daily low. Bulls need a decisive move above $80,000 to $82,000; support sits at $75,000 to $76,500. Bitcoin’s sharp V-shaped recovery has dragged prices back toward $78,500 to $80,000 after an election-night slide below $76,000. The reversal followed the reported Democratic sweep of both congressional chambers, turning political uncertainty into a fresh market catalyst. But one strong session doesn’t erase the risks. The initial reaction was negative.