Renowned cryptocurrency trader Ali Martinez analyzed the possibility of BTC facing downward pressure after the US midterm elections on November 3 (local time). He stated, "After the midterm elections in 2010, 2014, 2018, and 2022, BTC fell by 72%, 65%, 52%, and 27% respectively. This doesn't mean the elections caused the drop, but it's a noteworthy pattern." He added, "If past patterns repeat, the average purchase price for short-term holders, $73,000, could become a key support level. In bull markets, this price range has acted as a support level during major corrections."
