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Bitcoin faces US midterm showdown this week

Bitcoin held above its 100-day moving average ahead of US midterm elections, jobs data and tech earnings. TradingView data showed it stayed above last week’s low near $76,300 without retesting that level around the monthly close. Trader Rekt Capital compared the chart with Bitcoin’s 2023 recovery but said a brief move below support was only a possibility.

Kalshi traders put Democrats’ chance of winning the House at 93.6% before the election. October US payrolls were forecast to rise by 65,000; the report had not yet been released.

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