Bitcoin holds above $77K ahead of US midterm elections
Bitcoin walked into one of the busiest weeks on the calendar with its support line intact. The asset held above its 100-day moving average, which sat at approximately $76,463 as of November 1, 2026.That matters because the week ahead is crowded. US midterm elections, Apple and Palantir earnings, and the October jobs report all land within days of each other.Bitcoin traded between $77,000 and $78,600 across November 1 and 2, 2026. It hovered near $78,000 for much of that stretch.That steadiness followed a slip below $80,000. Bitcoin didn't collapse, but it didn't bounce back above that round number either.The schedule driving the caution is unusually dense. Apple and Palantir report earnings on November 2. Voters head to the polls for the US midterms on November 3. The October jobs report follows on November 6.The pre-election wobble wasn't only about the calendar. US spot Bitcoin ETFs recorded $643.2 million in net outflows on October 30.A security incident involving Binance's hot wallet also landed shortly before election week. Hot wallets are the internet-connected accounts exchanges use to process day-to-day withdrawals, which makes them a frequent target.Analyst Rekt Capital has been focused on the October monthly close. In his reading, that close preserved a support range low around $76,300.The picture isn't entirely rosy, though. Bitcoin failed in its attempt to retest resistance near $82,500. Rekt Capital's framework leaves the asset boxed between a defended floor and a ceiling it couldn't reclaim.He has also compared the current chart to Bitcoin's 2023 recovery.The 100-day moving average and the $76,300 support zone sit close together. Two separate technical markers converging around the same price band gives that area extra significance for anyone watching the tape.Bitcoin's performance across previous midterm cycles has been mixed, with no definitive pattern.The most important number this week may be $76,300. That support zone, reinforced by the nearby 100-day moving average, is the line traders appear to be watching.If Bitcoin holds that band through the midterms, jobs report and tech earnings, it would suggest the market absorbed a heavy dose of uncertainty without breaking. That kind of resilience can rebuild confidence and potentially set up another attempt at the $82,500 resistance level.If that floor gives way, the outlook changes. A break below a level defended on the monthly close could invite further retrenchment, particularly with ETF flows already leaning negative.The ETF data deserves close attention in the days after the election. The $643.2 million outflow on October 30 may signal a shift toward caution among institutional holders.The key dates to circle are November 2 for Apple and Palantir, November 3 for the midterms, and November 6 for the October jobs report.