Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
35%
Share
$2.5K
Minimum
Crypto trader Ali Martinez said BTC could face downward pressure after the U.S. midterm elections on Nov. 3.
Martinez said BTC fell 72%, 65%, 52%, and 27% after the 2010, 2014, 2018, and 2022 midterm elections, respectively. Martinez added this did not mean the elections caused the declines, but described it as a notable pattern.
If the historical pattern repeats, Martinez said $73K, the average cost basis for short-term holders, could serve as a key support level. Martinez added the price zone has acted as support during major pullbacks in bull markets.