Bitcoin Holds Above $77,000 Support Ahead of US Midterm Elections and Key Macro Data
What happened
Bitcoin maintained technical support between $77,000 and $78,600 on November 2, 2026, anchoring just above its 100-day moving average ahead of the US midterm elections and key economic prints.
The Context
* Technical floors held steady as the asset defended the critical $76,300 to $76,548 support zone, mirroring price action patterns from its 2023 market cycle. * Capital flows faced headwinds following a 7.3% decline across October, compounded by a reported $6.3 billion security breach at Binance. * Macro calendars are tightly stacked, leaving market liquidity dependent on November 3 election results, upcoming Big Tech earnings, and the November 6 jobs report.
The Number
in single-day net outflows left US spot Bitcoin ETFs on October 30, underscoring institutional portfolio de-risking ahead of major policy ballots.
Takeaway
Watch whether post-election trade volume can break resistance at $80,000, or if a slide below $76,300 forces a broader asset reassessment across your portfolio.
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