đšBitcoin & Crypto Market Update in Relation to the US Electionđš
âïžBitcoinâs Crucial Stage:
Bitcoin is currently trading at a critical level. Itâs either going to retest its previous resistance/channel top and bounce back, or it could break this major support and re-enter the channel. The $67K - $67.5K range is a significant support zone, and Bitcoin needs to hold above this level to maintain its bullish momentum.
âïžUS Election Impact on Bitcoin and Crypto Market:
The upcoming US election is creating a lot of uncertainty in the crypto market. Donald Trumpâs winning probability on Polymarket has been declining, while Kamala Harrisâs odds are rising. Currently, Trump has only a 10.6% lead. With just over a day remaining until the election, any surge in Trumpâs odds could spur a recovery in Bitcoin, while Harrisâs continued lead could add pressure to the crypto market.
â ïžImportant Note:
Regardless of whether Bitcoin holds above this support or re-enters the channel, if Trump wins, we could see a significant pump in the crypto market. Conversely, a Harris win could lead to a sharp downturn. However, itâs not as simple as saying "Trump wins, market pumps" or "Harris wins, market dumps." Market manipulators may try to influence Bitcoin prices in both directions, making it hard to predict short-term movements. Technical analysis may not be as reliable right now; instead, keep an eye on fundamentals like US election news, Polymarket polls, and tomorrowâs US stock market opening could all play pivotal roles in the crypto market.
âšTrading Tips:
âą Use smaller trade amounts âą Apply low leverage âą Set tight stop-losses âą Avoid multiple trades at once âą Focus on proper risk management
Hereâs a list of the best trading and investing movies and documentaries you should watch:
1. Billions 2. Industry 3. Wall Street Warriors 4. The Wolf of Wall Street 5. Margin Call 6. The Big Short 7. Inside Job 8. Rogue Trader 9. Too Big to Fail 10. Trading Places 11. The Ascent of Money 12. Smartest Guys in the Room 13. Floored 14. Betting on Zero 15. Dirty Money 16. Black Monday 17. Money for Nothing: Inside the Federal Reserve 18. Capitalism: A Love Story 19.Boom Bust Boom 20. The China Hustle
There cover various aspects of finance, high-stakes investing to the psychology and ethics behind big financial decisions.
đšBREAKING: đźđ±v/sđźđ·Israel's plan to strike Iran is now readyđ„
âĄïžIsrael has reportedly finalized its contingency plans for a potential strike on Iran, according to CNN. However, no official confirmation has been made regarding the execution or timing of such an operation. The development follows growing concerns over Iran's nuclear program and regional activities.â ïžđ
Long-term forecast for the BTC price: bullish On October 10, Bitcoin fell to a low of $58,943, but the bulls bought the dips. The largest cryptocurrency rallied above the moving average lines but was halted by the 21-day SMA resistance. If the bulls break through the 21-day SMA resistance, Bitcoin will rally to the next resistance at $65,000.
The bullish momentum will now continue to the high of $70,000. Bitcoin is trading at $62,641, above the 50-day SMA support but below the 21-day SMA resistance. The trend will depend on when the moving average lines are broken.
BTC indicator reading After the breakdown on October 9, Bitcoin has recovered between the moving average lines. The moving average lines have remained horizontal as Bitcoin continues to trade between $55,000 and $70,000.
In addition, the moving average lines have maintained their positive crossover, suggesting that Bitcoin price will continue to rise.
Bitcoin is nearing the record for the longest sideways market range post-halving, currently at 285 days since the last halving in April. Factors like U.S. election uncertainty, rising U.S. Treasury yields, and the extension of Mt. Gox's repayment deadline to October 2025 are contributing to Bitcoin's lackluster price action. Historically, October is bullish for Bitcoin, particularly its second half. Bitcoin is two weeks away from marking its longest-ever period in a sideways market range since i
After Bitcoinâs recent failed breakout attempt, the cryptocurrency is trading at a critical juncture at around $62,000. This level will likely determine whether BTC can reclaim momentum and push past local highs of $66,000 or drop further to $60,000 or even lower.
Analysts and investors are growing increasingly uncertain as the bullish sentiment that dominated the past few weeks is beginning to fade. Now, fear and hesitation are creeping back into the market.
In a post on X, the seasoned trader pointed out that Bitcoinâs dominance is approaching its peak. He predicts that altcoins like XRP could easily see price increases of 2x to 5x once the dominance starts to decline.
Accordingly, he encouraged market participants to accumulate during this time, as the upcoming year looks promising for the broader market.
Itâs worth noting that Bitcoinâs dominance has been steadily rising over the past few months. However, analysts believe it may soon decrease,
Core DAO Outcompeting Bitcoin-Driven Blockchains with Security and Efficiency
The CoreDAO blockchain which operates under Bitcoin, has outperformed opponents by providing an exclusive hybrid of efficiency and security. It leverages the security-related advantages that the resilient Proof-of-Work model of Bitcoin provides. In addition to this, it combines this model with the scalability and flexibility of exclusive blockchain technologies.
As per the reports, Core DAO has grasped the attention of users, investors, and developers alike. The respective strategic mix potenti
Donald Trump's lead on Polymarket spark surge in PolitiFi meme coins
Republican candidate Donald Trump secured an 8% lead over Kamala Harris in prediction marketplace, Polymarket, on Monday. The 54% to 45.5% gap is Trump's highest lead since Harris took over the Democratic spot.
Trump's recent lead follows Tesla and SpaceX billionaire CEO Elon Musk's indirect endorsement of Polymarket in an X post on Monday. Musk wrote that Polymarket odds are more accurate than election polls "as actual money is on the line."
The billionaire also jokingly suggested in a recent
Solana price climbed above the $145 and $146 levels before the bears appeared. SOL traded as high as $152 and recently started a downside correction like Bitcoin and Ethereum.
The price declined below the $150 and $146 support levels. There was a break below a key bullish trend line with support at $149 on the hourly chart of the SOL/USD pair. The pair slipped below the 23.6% Fib retracement level of the upward move from the $133 swing low to the $152 high.
If SOL fails to rise above the $146.50 resistance, it could start another decline. Initial support on the downside is near the $142 level. The first major support is near the $140 level.
A break below the $140 level might send the price toward the $132 zone. If there is a close below the $132 support, the price could decline toward the $120 support in the near term.
Technical Indicators
Hourly MACD â The MACD for SOL/USD is gaining pace in the bearish zone.
Hourly Hours RSI (Relative Strength Index) â The RSI for SOL/USD is below the 50 level.
đ·đșđźđ± Russia has just ordered its citizens to immediately leave Israel after Israeli airstrikes attacked the vicinity of Russia's Khmeimim base in Syria.
In light of the extremely tense situation in the region, the Russian ambassador in Tel Aviv recommended that citizens in Israel consider leaving the country "while such opportunities exist." He said this in an interview with TASS.
1.5 Milion Russians live in Israel. Russia is warning it's people to get out before it's too late. Something big is coming.
Russia also begins to evacuate citizens from Lebanon.