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Bitcoin Price Stalls at $80K as US Midterm Election, Fed Jitters Mount

Bitcoin Price Stalls at $80K as US Midterm Election, Fed Jitters Mount
AI summary

Bitcoin is stuck near $80,000 after repeatedly failing to clear resistance at $80,500, leaving October on track for possible net losses and undercutting hopes for a positive "Uptober." Traders are showing caution ahead of the US midterm elections and the Federal Reserve, with macro uncertainty weighing on sentiment. A second straight flat session suggests buyers lack conviction at these levels, so a break of the range would likely set the near-term direction.

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