Bitcoin price prediction: $295 above the 100-day line, the level that decides

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: the daily low was $295 above the 100-day line at $76,035. Four trading days before the US midterm elections and with an 82.6 percent rate expectation for December, this gap will decide the coming weeks.Add as a preferred source on GoogleFollow on Google NewsAnalysis: bitcoin is trading at $77,626 on Friday morning, 3.2 percent below its level 24 hours earlier (CoinGecko, 11:43 a.m. German time). What is established: the daily low was $76,330, exactly $295 above the average of the last 100 daily closes, which by our calculation stands at $76,035. Our assessment follows further down. The next four trading days, with the US midterm elections on November 3, will decide whether this touch turns into a reversal or a breakdown. Where things stand: $77,626 four days before the US election October ends today, and it ends in the red. Bitcoin opened the month on October 1 at $83,565, peaked at $87,229 and fell as low as $76,330 on Friday morning. That makes a monthly loss of 7.1 ...