NewsSignals AI analysis·Stocktwits·Nov 2, 2026

Bitcoin Bulls See Light At The End Of The Correction As Michaël Van de Poppe Says Midterm Elections Are 'Priced In'

Grade Abullish AI signal$BTC$XAU

Bitcoin is showing resilience near $78,000, with analysts suggesting its latest correction may be nearing an end despite the more than $6 billion Binance hack. BTC closed above its 50-week moving average for a seventh consecutive week at $78,229, while Michaël Van de Poppe said U.S. midterm uncertainty was likely already priced in. If Bitcoin maintains this technical strength and the correction fades, renewed bullish momentum could develop, although another test of recent lows remains possible.

Bullish strength: 75/100

Bitcoin held above its 50-week moving average for seven consecutive weeks.
BTC traded near $78,000 despite the more than $6 billion Binance hack.
Van de Poppe believes the correction is nearing its end and expects a bullish final two months.
Bitcoin fell 2.9% last week, slightly less than gold's 3.0% decline, according to Willy Woo.

Bearish strength: 25/100

Van de Poppe warned Bitcoin could still sweep its recent low in the coming weeks.
The Fear and Greed Index fell to 30 after the Binance hack.
ETF holders reportedly sold $643 million in Bitcoin.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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