Impact of US Congressional Election Results on Bitcoin Year-End Price Prediction, and Technical Support and Resistance Analysis

A survey shows that if Republicans retain control of both houses of Congress, the median price forecast for Bitcoin by the end of the year is $90,800; if Democrats win both houses, the median forecast is $76,450; and if both parties control the House and Senate, the median forecast is $84,100. Analysts believe that Democratic control of both houses may make it difficult for the Clarity Act to pass in the next two years; Republican control of both houses is more conducive to the advancement of crypto policies, but a limited majority in the Senate may still lead to a deadlock in the bill. Bitcoin's short-term support range is $76,000 to $76,600, and the resistance range is $79,500 to $80,500; if it breaks below the support, the market will focus on the 50-week moving average at approximately $75,700 and the 200-day moving average at approximately $73,100.