Bitcoin Price Could Fall Towards Long-Term Support Before Midterm Elections

A recent analysis by TradingShot suggests that Bitcoin's price could fall towards its long-term support levels before the 2026 U.S. midterm elections, following a historical pattern.

Historically, Bitcoin has weakened in the three months leading up to U.S. midterm elections, often falling towards major long-term moving averages before establishing a cycle bottom.

In the past, Bitcoin has been rejected at its weekly 50 MA, a level that has historically capped bear-market recoveries.

The analyst noted that $BTC bottomed near its weekly 200 MA ahead of the 2014 and 2018 elections, while the 2022 cycle saw the asset fall below that level and bottom on the weekly 350 MA.