# Bitcoin Analysis Identifies $76,000 to $76,600 Support Before Midterms By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/47536 Published: 2026-11-03T09:57:59.000Z Updated: 2026-11-03T09:57:59.000Z Section: Investing > An Oct. 29 survey put the median year-end forecast at $76,450 under Democratic control of Congress and $90,800 under Republican control. A Nov. 2 market analysis identified $76,000 to $76,600 as support for Bitcoin (BTC) ahead of the U.S. midterm elections, with resistance at $79,500 to $80,500 framing the near-term range. Support is a price area watched on declines; resistance is an area watched on advances. The analysis identified two lower reference points if BTC drops below support: the 50-week moving average near $75,700 and the 200-day moving average near $73,100. An Oct. 29 survey gave a median year-end Bitcoin forecast of $76,450 if Democrats won both chambers of Congress. The median was $84,100 if the parties split control and $90,800 if Republicans retained both chambers. Those figures are forecasts under different election outcomes, not observed Bitcoin prices. The [same survey found]() that 72% of respondents were bullish on Bitcoin under a Republican-controlled Congress, while 29% expected it to finish the year above $100,000 in that scenario. The U.S. midterm vote is scheduled for Nov. 3. ## Links in this article - [same survey found](https://www.tokenpost.com/news/investing/46058)