The November 3 midterm elections could change market expectations concerning budget deficits, interest rates, the dollar and U.S. corporate earnings. A defeat for Donald Trump in Congress would be mildly favorable for Bitcoin if it led to lower interest rates and a weaker dollar, potentially supporting risk assets. The inflation trajectory and the geopolitical situation will nevertheless remain decisive. After its October correction, Bitcoin is holding its main technical support levels between $73,000 and $76,000, provided that the 50-week moving average, the 200-day moving average, the 50 level of the weekly RSI and the Ichimoku system remain intact.
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