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Bitcoin has historically dropped 27%-72% around US midterm elections, with $73,000 as key support level.

Market News
23 Oct 2026
Blockonomi
View Source
Bearish
Bitcoin has historically dropped 27%-72% around US midterm elections, with $73,000 as key support level.

Bitcoin has shown a pattern of significant price drops around US midterm elections, falling between 27% and 72% in the last four cycles since 2010. Analyst Ali Charts highlights $73,000 as a critical support level, matching the short-term holder cost basis, which could indicate market sentiment and potential buying interest if prices fall. While elections coincide with volatility, other factors like market cycles and liquidity also influence Bitcoin's price. Investors should watch for risk and possible recovery signals around the November 3, 2026 midterms.

Bitcoin's price behavior around US midterm elections is noted here, with Pluang market data providing context. As of Oct 23, 2026 16:51 WIB, 31 of 50 major cryptocurrencies on Pluang rose while 18 fell. Among notable movers, Bitcoin Cash (BCH) gained 4.45% to Rp5.160.465, with a typical hold time of 69 days and a buy order activity of 73%.

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