Could U.S. Midterms Trigger Another Bitcoin (BTC) Price Selloff?
Photo: CoinCentral
TLDR Bitcoin’s historical bear-market lows occurred after the 2014, 2018, and 2022 U.S. midterm elections. Bitcoin recovered roughly 41% from its July low, creating a different setup ahead of November 3. Analyst Ali Martinez identified $73,000 as a possible support level if another Bitcoin correction develops. Lookonchain reported a $327 million Bitcoin transfer to Binance and Deribit, raising questions about potential selling pressure. Traders are watching liquidity around 79,500–80,600 as Bitcoin approaches the U.S. elections. Bitcoin (BTC) price faces renewed downside warnings ahead of the November 3 U.S. midterm elections, as analysts compare past declines with this year’s earlier recovery.
Source: CoinCentral
