How are the US Midterm Elections influencing Bitcoin today?

The US Midterm Elections are scheduled for today at 05:00 UTC and are flagged as a high-impact calendar event. Bitcoin has moved only $19.81, or 0.03%, on the day so far, so no clear reaction has shown up in price yet.

Why is Bitcoin trading in a narrow range right now?

Today's range of $353.94, between the day high of $76,880.71 and the day low of $76,526.77, covers just 17% of the 14-day Average True Range of $2,036.97. Price is holding in the pocket between the previous day low at $76,560.74 and the daily pivot at $77,345.99.

What key technical levels could determine Bitcoin's next move?

A break above R1 at $78,131.24 would open the way toward R2 at $79,563.23, while a break below S1 at $75,914.00 would open the way toward S2 at $75,128.75. The daily pivot at $77,345.99 is the invalidation level for both of those scenarios.

Bitcoin News Today: Trend Stays Down Near Pivot Support

Market news Bearish bias Nov 3, 2026, 00:19 UTC

Marcus ReedTechnical Analysis Lead · ForexR analyst

Bitcoin is consolidating between the previous day low at $76,560.74 and the daily pivot at $77,345.99, with the daily, 4H and 1H trends all pointing down ahead of today's US Midterm Elections.

Man working on two laptops stock market trading investments top view

Price76,719.06

Day change+0.03%

Day range76,526.77 - 76,880.71

ATR (14)2,036.97

Resistance	Level	Support	Level
R3	80,348.48	S1	75,914.00
R2	79,563.23	S2	75,128.75
R1	78,131.24	S3	73,696.76
Previous day high	78,777.98	Previous day low	76,560.74
20-day high	84,844.39	20-day low	76,173.36
Daily pivot 77,345.99. Data as of 2026-11-03 00:15 UTC; price from a live feed, levels computed from the previous completed daily bar.

Bitcoin (BTC/USD) 1-hour chart with the daily pivot at 77,345.99, R1 78,131.24, R2 79,563.23, S1 75,914.00, S2 75,128.75 and the bullish and bearish scenario paths — Bitcoin (BTC/USD), 1-hour candles with the daily pivot levels, the range between nearest support and resistance, and both scenario paths. Data as of 2026-11-03 00:15 UTC.

Bitcoin Price Today: Trend Stays Down Near Pivot Support

Bitcoin (BTC/USD) last trades at $76,719.06, up $19.81, or 0.03%, on the day, after a day high of $76,880.71 and a day low of $76,526.77 against the previous close of $76,699.25. That day range of $353.94 covers just 17% of the 14-day Average True Range of $2,036.97, a volatility measure explained in our ATR guide, and price is currently positioned between S1 at $75,914.00 and the daily pivot at $77,345.99.

The daily chart trend reads down, with price below the 20-day EMA at $80,011.53 and the 50-day EMA at $80,157.82, though still above the 200-day EMA at $76,235.79. The four-hour trend is also down, with its 20-EMA at $77,710.03 under the 50-EMA at $78,718.96, and the one-hour trend is down as well, with its 20-EMA at $77,253.64 under the 50-EMA at $77,577.62. The daily RSI sits at 35.4, and Bitcoin is down 5.57% over the past five trading days and down 7.94% over the past 20 days. Trading currently sits in the Asia session, with London opening next at 07:00 UTC.

Crypto Headlines: Exchange Hacks and Institutional Reports

Blockchain News and CryptoTicker both reported on a hack at Mercado Bitcoin, with Blockchain News noting that Chainalysis had frozen part of the stolen funds and CryptoTicker reporting that the exchange halted withdrawals; Tokenpost and Crypto Economy separately covered a Binance-related hack, with Tokenpost reporting that the exchange planned to absorb the losses itself rather than sell bitcoin holdings, and Crypto Economy reporting that the hacker moved funds through a mixing service to obscure them. Tokenpost also flagged a wealth-management report on spot Bitcoin and Ether ETFs and separate commentary linking a reduced federal borrowing estimate to Bitcoin's liquidity outlook. These are topics being reported in the newsflow, not demonstrated drivers of today's price action.

Positioning and Sentiment

CFTC data for the week to October 27 showed large speculators net long Bitcoin (BTC/USD), with that net long position added to from the prior week.

News sentiment data shows coverage volume running at 77% of its 90-day average, with the opportunity read at -79, a bearish score the data provider says moved out of neutral territory within the past 24 hours.

Levels to Watch

Above price, the daily pivot at $77,345.99 is the nearest resistance, $626.93 away, followed by R1 at $78,131.24, R2 at $79,563.23 and R3 at $80,348.48. Below price, the previous day low at $76,560.74 is the nearest support, just $158.32 away, ahead of S1 at $75,914.00, S2 at $75,128.75 and S3 at $73,696.76. The previous day's high was $78,777.98, on a range of $2,217.24, and the round numbers at $76,000 below and $77,000 above sit close to current trade. Over the past five days Bitcoin has ranged between a high of $81,876.74 and a low of $76,173.36; over the past 20 days the high is $84,844.39 and the low is $76,173.36. The pivot point calculator can help map these levels against other timeframes.

Bullish and Bearish Scenarios

A break above R1 at $78,131.24 would open the way to R2 at $79,563.23; a slide back below the daily pivot at $77,345.99 would invalidate that path.

On the downside, a break below S1 at $75,914.00 would open the way to S2 at $75,128.75; a recovery back above the daily pivot at $77,345.99 would invalidate that case. Either path can be sized against account risk with the risk and reward calculator before either level is reached.

What's Next

The US Midterm Elections are scheduled for today at 05:00 UTC and carry high impact on the calendar. Later today, at 15:00 UTC, the US releases Factory Orders (MoM), with the estimate at 1.2 compared with a previous reading of 0.1, alongside JOLTS Job Openings, estimated at 7.13 against a previous 7.079.

Bottom Line

Bitcoin is consolidating in a narrow range between the previous day low at $76,560.74 and the daily pivot at $77,345.99, with the daily, four-hour and one-hour trends all pointing down and the daily RSI at 35.4. Today's US Midterm Elections at 05:00 UTC and the afternoon's Factory Orders and JOLTS data are the next scheduled calendar events, with the pivot ladder above and below marking where any reaction could extend.