Bitcoin Flips a 12-Year Midterm Pattern. Can It Hold Through Friday?
Photo: Bitcoinist
Bitcoin crossed its most telling election-day threshold before a single vote was counted. On the morning of November 3, BTC traded near $76,990, roughly $3,821 above its 200-day moving average. On each of the previous three U.S. midterm election days, Bitcoin was still trading below that line. That gives investors a more meaningful number to watch this week than $77,000. At roughly $73,169 , Bitcoin’s 200-day average marks the level around which its longer-term trend has turned in buyers’ favor. The midterm results and Friday’s U.S. jobs report are about to test how much of that lead BTC can keep.
Source: Bitcoinist
