Midterm Elections May Bring Bitcoin Correction, Analyst Warns

Bitcoin's price may be due for a correction ahead of the 2026 U.S. midterm elections, according to an analysis by TradingShot.

The analyst noted that Bitcoin has historically weakened in the three months leading up to U.S. midterm elections, often falling toward major long-term moving averages before establishing a cycle bottom.

In the past, BTC has 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.

Considering Bitcoin's recent surge, TradingShot suggested that it could drift toward or below its weekly 200 MA by November, with a 2022-style decline potentially extending to the weekly 350 moving average.