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Bitcoin may face a sharp drop around the Nov 3 U.S. midterm elections, following historical patterns.

Market News
12 Nov 2026, 21:41 WIB
Zycrypto
View Source
Bearish
Bitcoin may face a sharp drop around the Nov 3 U.S. midterm elections, following historical patterns.

Bitcoin has historically experienced significant price declines around U.S. midterm elections, with major drops noted in 2010, 2014, 2018, and 2022. Analysts highlight that Bitcoin was already bearish before these elections, and selling pressure intensified afterward, leading to cycle lows. With the 2026 midterms approaching on November 3, experts warn of a potential correction, citing technical signals and historical trends. Key price levels like $73,000 and downside targets between $66,000 to $62,000 are being watched, while a move above $84,870 could signal a bullish reversal.

As of Nov 13, 2026 03:02 WIB, Bitcoin trades at Rp1.301.617.982 on Pluang, down 3.19% in the past day. Despite the recent decline, buying interest remains strong with 73% of orders on Pluang being buys and a typical hold time of 113 days. The platform shows a circulating supply of 20.1 million BTC, highlighting continued investor engagement ahead of the midterm election period.

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