Bitcoin at 76,878.95 USDT on Binance sits about $4,900 above the $72,000 line

Bitcoin last traded at 76,878.95 USDT on Binance at 22:01 UTC on Nov. 2. That is roughly $4,900 above the $72,000 mark that matters for the Friday, Nov. 6 noon ET close. The forecast leans toward Bitcoin finishing above it. The price has been sliding a little through the day. Reports put it near $78,000 to $78,500 in early trading on Nov. 2, then around $77,000 later on. Over Nov. 1 and 2 it traded between $77,000 and $78,600, so the dip has been gentle, not a rout. Support has been holding so far. One report had Bitcoin above its 100-day moving average, which sat at approximately $76,463 as of Nov. 1. Another cited support in the $76,000 to $77,000 zone, with weakness below $76,000. The backdrop is shaky, though. Bitcoin fell 7.5% over October, ETFs saw $643 million of outflows on Oct. 30, and a reported $6.3 billion breach at Binance has shaken sentiment. Customers have withdrawn almost $5 billion since withdrawals resumed, the company said. A busy week is also ahead, with the US midterm elections on Tuesday, Nov. 3, the October jobs report and big tech earnings. One analyst called the elections priced in, but said Bitcoin might still sweep its lows. The thing to watch is a clean break below $76,000. That would start eating into the buffer above $72,000.