Democrats Are Winning the Midterms… Bitcoin's Next Stop Is $67K (I'm Short)
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Myles G InvestmentsIndependent analyst profile- Source published
- 04 Nov 2026, 01:03 UTC
- Recorded by Tahlil Plus
- 04 Nov 2026, 06:05 UTC
AI-generated source summary
The analysis focuses on Bitcoin's price action in relation to historical midterm cycles and key technical levels. The speaker notes that Bitcoin has historically bottomed a certain number of days after midterm elections, with lows occurring within 71 days in 2014, 39 days in 2018, and 13 days in 2022. Currently, Bitcoin is at resistance at approximately $77,500, having rejected a potential breakout above $86,000. The speaker emphasizes the significance of the $67,000-$70,000 region as a key support level where institutions are expected to buy. The analysis suggests that a failure to hold this support could lead to a further decline, with a 20% pullback targeting around $69,000. The ongoing FED monetary policy, specifically potential rate hikes in December, is identified as a bearish catalyst affecting liquidity. The speaker also references the recent Bitcoin ETF outflows, with $600 million on October 30th and $400 million on October 29th, indicating potential selling pressure. The overall sentiment is bearish in the short term due to these factors, with a prediction that Bitcoin will continue to pull back and potentially break lower.
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Myles G Investments
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