Analyst: Bitcoin often experiences pullbacks during the U.S. mid-term election cycle; attention should be paid to the support level of $73,000
2026-10-24 17:55:33
According to CoinMeta, analysts ali and charts indicate that during the U.S. mid-term election cycles, Bitcoin often experiences pullbacks, and attention should be paid to the key support level of $73,000. They pointed out that during the mid-term election cycles in 2010, 2014, 2018, and 2022, Bitcoin saw pullbacks of 72%, 65%, 52%, and 27%, respectively. The price of $73,000 is close to the average purchase cost for current short-term Bitcoin holders. If selling pressure after the elections drives the price back down to this range, it will test the willingness of buyers to maintain the bullish trend.
Bullish 0
Bearish 0
Source:Internet
This content is for market information only and does not constitute investment advice.