Cryptowormshot

After a recent 20% decline to $49,000, Bitcoin is currently trading above $57,000, but it might decrease to $51,000. The key support level is $53,500. Bitcoin is again caught in a bearish technical pattern; a closing bullish channel!There are also rumors of a potential attack by Iran on Israel either tonight or tomorrow, which could drive Bitcoin down to $43,000 and cause another market downturn. However, this might potentially result in a positive divergence in the RSI.Although there is still optimism about the CME gap in the market, the risks outweigh the optimism significantly.In the current situation, if you don’t have a high risk tolerance, you might consider reducing some of your investment at this level. If you still have liquidity, you can dollar-cost average (DCA) into altcoins during potential dips.

Despite the drop in Polkadot (DOT) price earlier this month, investors remain optimistic about this cryptocurrency and continue to invest in it.The steady increase in capital inflows since mid-month indicates growing interest and confidence in the Polkadot project. These factors suggest a strong belief in the project's potential, which could lead to sustainable price growth in the future.To confirm a real upward trend, Polkadot needs to break out of the current range between $5.5 and $6.5. If this happens, the price could reach $7.2 and $8.3. The current range is suitable for entry, with a stop-loss for this analysis being a daily candle closing below $5.5.

Recently, there have been news of new partnerships and investments in the long-standing project Zilliqa, leading to noticeable new and positive movements in this cryptocurrency. Zilliqa, after losing the 0.015 level and forming a new bottom, has faced support. Given that the market is continuously forming new bottoms, there is a possibility that any bullish analysis on altcoins may become invalid. ▶️ Entry Point: 0.017 ⏸ Stop Loss: 0.015 1️⃣ First Target: 0.024 2️⃣ Second Target: 0.030 Considering that the market is continuously forming new bottoms, there is a possibility that any bullish analysis on altcoins may become invalid.

**Analysis of NotCoin: Ready to Break Out of the Consolidation R The price of NotCoin (NOT) has been stabilizing within a defined range over the past few days, and investors are optimistic about the future of this cryptocurrency. The Chaikin Money Flow (CMF) indicator shows sustained capital inflow and a balance of buying and selling pressure. Additionally, open interest remains at $171 million, indicating investor confidence. NotCoin has been consolidating between $0.015 and $0.017, and despite multiple attempts to break through the resistance line, it has yet to succeed. However, investor support for this cryptocurrency remains strong. If this support continues, NotCoin could rise above the $0.017 resistance line. However, if the price fails to break the resistance line, the bullish scenario will be invalidated. Nevertheless, the existing positive signs reduce the likelihood of the price falling below the $0.015 support line. 🐦‍⬛🤑 **NOTCOIN Signal** Resistance at $0.016 has repeatedly blocked NotCoin's upward movement, while $0.013 can serve as significant support for NotCoin. The target of $0.025 is attainable if $0.016 is broken with momentum and then stabilized. 📈 **Support: $0.013** 1️⃣ **First Target: $0.016** 2️⃣ **Second Target: $0.025****

Democrats Return to the Election Battle with Harris! Financial Markets Confused! Kamala Harris, with the support of 68% of Democrats, is closer to competing against Trump. The Vice President of the United States, Kamala Harris, has surpassed the necessary support threshold to secure the Democratic Party's presidential nomination. This positions her as the likely candidate from the Democratic Party to compete against the Republican nominee, Donald Trump. While it seemed the Democrats were nearing the end of their journey and with Biden's withdrawal it was expected that the road would be clear for the Republicans, Harris's candidacy has created new challenges for the crypto market. It is now difficult to predict whether Trump will win the upcoming US election, as Harris could secure the votes of African Americans and women. Additionally, it seems some people who did not want to choose between Trump and Biden now have a new candidate to vote for. With all these issues, it seems the crypto market has lost the excitement of Trump's potential presidency and is pricing current events with a sense of confusion! Technical Analysis of Bitcoin Bitcoin, after reaching $68,500 and creating a double top at this level, has returned to $66,500. The presence of negative divergence and the uncertainty of Trump's victory due to Harris's nomination by the Democrats are market risks, while the launch of Ethereum ETFs is a positive market event today. Losing $66,500 could lead to further decline to $63,800 and $62,500.

Following Joe Biden's withdrawal from the election race, Bitcoin experienced a 3% swing within a 4-hour candle, reaching a low of $65,800 before finding support. With global markets closed, it's still too early to predict a definitive direction for Bitcoin. However, in such situations, uncertainty about the future typically leads to risk aversion and a decline in assets like Bitcoin.If the market perceives Biden's withdrawal as increasing the likelihood of Trump's victory in the upcoming election, Bitcoin could adopt a bullish stance. Given that retail traders hold the smallest share of Bitcoin trades in the last three years, it remains to be seen whether institutional investors and ETFs will continue to support Bitcoin's price when global markets open tomorrow. If uncertainty persists, it could lead to a price drop that may continue until a new Democratic candidate is chosen.

**💰Ethereum Signal** Given the potential launch of an Ethereum ETF in the next three days and the influx of new liquidity it could bring, coupled with Bitcoin on the verge of breaking its $67,000 resistance, Ethereum breaking its all-time high seems closer than ever. 📈Support: $3300 1️⃣ First target: $3900 2️⃣ Second target: $5300 ⏱ The time analysis suggests a 2-month timeframe to reach these targets.

#VRA **Verasity Signal** From a technical perspective, Verasity is in an attractive buying range after breaking through $0.004 with momentum and surpassing the moving average. In yesterday's post, I discussed the goals of this project, and considering its small market cap of $40 million, it has the potential for significant growth. It seems that if we enter a bull market, we can anticipate targets of 1 to 2 cents by the end of 2024. 📈Support: $0.0032 1️⃣ First target: $0.0051 2️⃣ Second target: $0.007

The impact of global markets and the potential decline in Bitcoin prices due to political and economic issues seems plausible. Crypto markets are typically very sensitive to news and political and economic developments, and these events can significantly influence the price trends of Bitcoin and other digital currencies. In the event of Biden stepping down and the uncertainty surrounding the outcome of the next election, Bitcoin prices could potentially correct to the $64,000 range, as such events usually cause concern and instability in financial and cryptocurrency markets. Target 64000

Bitcoin Analysis with Gann, Trendlines and Fibonacci circleSupport : 23460Resistance : 24200 25610 26060 29710