Crypto
Bitcoin's Midterm Anxiety: Will US Elections Derail $100K Target?
Bitcoin's price has reached $83,300, still below its eight-month high of $87,400. Traders are divided about what comes next, with some predicting a pause before reaching $100,000 and others fearing a drop.
The U.S. midterm elections in November 2026 may be a key factor to watch. Bitcoin has historically struggled after past midterms, with falls of up to 72% seen in the quarter following these events.
On the other hand, there are signs that institutional investors may continue to support the market. Tom Lee, co-founder of BitMine, notes that when Bitcoin moves above its 200-day moving average it has led to bull markets eight times out of nine over the past 12 years.