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Bitcoin tends to hit lows weeks after US midterms; next dip may come by Jan 2027 amid Democratic sweep odds.

Market News
02 Nov 2026, 12:30 WIB
Bitcoin
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Bearish
Bitcoin tends to hit lows weeks after US midterms; next dip may come by Jan 2027 amid Democratic sweep odds.

Bitcoin has historically reached cycle lows 13 to 71 days after US midterm elections in 2014, 2018, and 2022. With the 2026 midterms on Nov 3 and a 72% chance of a Democratic sweep, analysts expect the next bitcoin low between mid-November 2026 and January 2027. Despite recent weakness and the Binance hack, some traders see potential for gains post-election, while others warn of a possible short rally before a bear market. The pattern aligns with bitcoin’s halving cycle, making the weeks after the vote critical for market watchers.

As of November 2, 2026, Bitcoin trades at Rp1.416.207.741 on Pluang with a slight 0.04% increase in the last day. Despite the historical pattern of post-midterm lows, current Pluang data shows 71% of orders are buys, indicating ongoing investor interest. Binance Coin is priced at Rp12.780.000 with a 0.92% decline, reflecting some market caution ahead of the elections.

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