NewsSignals AI analysis·Cointelegraph·Nov 2, 2026

BTC heads into US midterm showdown: Three things to know in Bitcoin this week

Grade Abearish AI signal$BTC$SPX$AAPL

Bitcoin is entering a critical week of US midterm elections, employment data and major tech earnings while holding above its 100-day moving average near $76,548. October marked Bitcoin's weakest October since 2014, while markets are pricing in a 67-75% probability of a 0.25-percentage-point Fed rate hike in December and October payrolls are forecast to increase by 65,000. Bitcoin's ability to defend key technical support alongside potentially market-moving economic data could determine whether BTC extends its recovery or faces another wave of downside pressure.

Bullish strength: 45/100

Bitcoin remains above its 100-day moving average near $76,548.
Bitcoin reclaimed its 100-week exponential moving average near $77,759.
Weaker-than-expected employment data could increase expectations for dovish Fed policy signals.
Historical midterm-year declines have previously presented buying opportunities, according to Benjamin Cowen.

Bearish strength: 55/100

Bitcoin recorded its weakest October since 2014.
BTC was down 6.4% for the quarter as of Monday.
Bitcoin declined in Q4 during each of the past three US midterm election years.
Markets currently price in a 67-75% probability of a December Fed rate hike.
Bitcoin remains vulnerable to another downside move below its recent $76,300 low.

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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