Analyst identifies critical levels for Bitcoin after US midterm elections

Impact of political events on crypto markets

The results of the US midterm elections, in which the Democrats won, contributed to an increase in the value of Bitcoin. Despite this positive impulse, maintaining certain technical levels is necessary to change the asset's trend.

Key markers to watch

Analyst Michael van de Poppe highlighted two critical price markers to watch: $79,800 and $79,000. According to him, these levels are decisive for the current situation.

Risks for market recovery

If the price of Bitcoin falls below the specified limits, it could jeopardise the market recovery process. Therefore, the further dynamics of the first cryptocurrency will depend on whether it manages to maintain these supports.