Add as a preferred source on GoogleKilla Maps Bitcoin Paths Around U.S. Midterm Elections With $95,000 Target
The trader sees a possible post-election rebound toward $95,000 if Bitcoin declines beforehand, while historical data points to softer conditions after three of the past four midterms.
Trader Killa outlined two possible paths for Bitcoin (BTC) around the U.S. midterm elections, with the $95,000 area among the levels he is watching if the market weakens beforehand.
Killa’s preferred scenario is for BTC to rise before the elections, strengthen the bullish market narrative and move above its previous high. A pullback could follow after the elections, but he expects it to form a higher low rather than a new cycle low.
If BTC declines before the elections, Killa expects a rebound afterward, with $95,000 as a target to watch.
He said his view is based on historical data and market statistics rather than a simple expectation that prices will rise. The previous four U.S. midterm elections provide the basis for his comparison: Three were followed by weaker market conditions within one to two months. Killa said that sample represents an approximately 75% probability.
Killa also said he currently holds a previously established 10x Bitcoin long position, along with long positions opened near $62,600 and $76,400. He said all of those positions remain fully invested.
Recent price action, market sentiment and liquidations of long positions also suggest that short sellers may currently face greater risk than long holders, Killa said.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.