NewsSignals AI analysis·Crypto Briefing·Nov 2, 2026

Bitcoin holds above $77K ahead of US midterm elections

Grade Abearish AI signal$BTC

Bitcoin is holding above $77,000 ahead of US midterm elections, major tech earnings and the October jobs report, with its 100-day moving average providing nearby technical support. BTC is trading around $78,000 after failing to reclaim $82,500 resistance, while US spot Bitcoin ETFs recorded $643.2 million in net outflows on October 30. Holding the critical $76,300 support zone could restore bullish momentum and open another attempt at $82,500, while a breakdown could intensify selling pressure.

Bullish strength: 45/100

Bitcoin remains above its 100-day moving average near $76,463.
The $76,300 monthly support zone remains intact.
Bitcoin maintained relative stability around $78,000 despite a busy macroeconomic calendar.
Holding support could create another attempt at $82,500 resistance.

Bearish strength: 55/100

Bitcoin failed to reclaim resistance near $82,500.
US spot Bitcoin ETFs recorded $643.2 million in net outflows on October 30.
Bitcoin remains below the psychologically important $80,000 level.
Upcoming US midterm elections, tech earnings and jobs data create additional uncertainty.
A breakdown below $76,300 could invite further price retrenchment.

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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