Bitcoin has seen a slight pullback since reaching $70,000 earlier this week, currently trading around $68,000, reflecting a 0.8% increase on the day and 0.5% on the week. Analysts are anticipating economic reports, including inflation figures and a jobs report, which could influence its price further as the U.S. presidential election approaches. Despite the recent high of $68,850, Bitcoin has maintained stability at around the $67,500 mark, suggesting a potential accumulation phase. Market analysts expect that a bit of pullback is normal and aligned with market behavior after a breakout. In the coming week, critical reports such as the personal spending report on Halloween and the jobs report on November 1st will be pivotal, along with the Federal Reserve's interest rate decision on November 7, shortly after the election. Current polling indicates a close race between Vice President Kamala Harris and former President Donald Trump, which is adding to the market’s cautious sentiment.

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