Bitcoin holds near $77,800 as analysts watch $80,100 resistance before US midterms

Bitcoin remained steady around $77,800 as traders eyed the upcoming US midterm elections and assessed ongoing uncertainties in the crypto market. This stabilization followed a volatile week, marked by ETF outflows and heightened security concerns impacting investor sentiment. Over the past weekend, Bitcoin traded within a narrow range after recovering from Friday’s decline, which had seen its price dip toward $76,000. The downturn was linked to a security breach at Binance that prompted widespread selling across multiple cryptocurrencies. Buyers helped Bitcoin rebound, but the asset continued to trade below the critical $80,000 mark. Market participants currently identify the $78,800 to $80,100 range as the nearest significant resistance level for Bitcoin.

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