From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

As the US Presidential election approaches, Polymarket, a decentralized prediction platform, is capturing mainstream attention with over $200 million in wagers on the election’s outcome. This surge in activity marks a pivotal moment for cryptocurrency’s integration into mainstream financial practices.

Some believe that Polymarket shows the formula for crypto’s mainstream success.

Polymarket Metrics Surges as US Election Approaches

June witnessed Polymarket hitting its highest monthly volume, surpassing $111 million, as reported by a Dune dashboard. Analysts at Kairos Research project that by year-end, the platform’s trading volume could exceed $1 billion.

Consequently, other key metrics have also seen significant increases – total value locked rose by 68.9% to $40.23 million, and monthly active users surged by 166% to 28,760.

Read more: Top 9 Web3 Projects That Are Revolutionizing the Industry

Yuga Cohler, a Coinbase executive, highlighted the importance of prediction markets.

“Prediction markets are the purest technological manifestation of liberal democracy. They take free markets and free speech as inputs and output truth. In an age when centralized control of information is a systemic risk, prediction markets offer a way of cutting through misleading narratives and viewing the unvarnished truth. Prediction markets are freedom preserving technology that move societies forward,” Cohler said.

Moreover, the widespread citation of Polymarket by mainstream media outlets highlights its seamless market fit and blockchain technology’s invisibility due to its efficiency.

Despite the platform’s success and utility, prediction market platforms such as Polymarket might face regulatory challenges in the US. However, their potential utility in fields beyond finance is becoming increasingly apparent.

Currently, Polymarket shows a 63% probability of Donald Trump winning the upcoming Presidential election, with Joe Biden’s chances falling to 18%. Additionally, speculation is rife about Biden potentially withdrawing from the race, with $8.6 million staked on this outcome following his recent debate performance.

However, some voices express skepticism about the platform’s impartiality. A prominent pseudonymous user on X, BoredElonMusk, questioned the platform’s ability to reflect political sentiment accurately.

“Someone explain to me how Polymarket is an accurate measure of political sentiment when it’s a crypto platform and the users are massively biased against one political party? Am I being naive or are a lot of you ignoring this important data point,” BoredElon Musk asked his 1.6 million followers on X.

Read more: 10 Best Crypto Exchange Reviews for July 2024

The discussion around Polymarket’s role and reliability highlights the broader implications of cryptocurrency technologies. They offer not just financial tools but also platforms that can reshape public discourse and influence.

As the election approaches, these platforms will likely play an increasingly prominent role, offering new insights into public sentiment.

Bitcoin price is up nearly 5% and there was a move above $62,500. BTC is now testing the $63,500 resistance zone with a positive angle.

• Bitcoin started a decent increase above the $62,200 and $62,400 levels.
• The price is trading above $62,500 and the 100 hourly Simple moving average.
• There was a break above a major bearish trend line with resistance at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might struggle to continue higher above the $63,650 resistance zone.

Bitcoin Price Starts Recovery

Bitcoin price formed a base above the $60,000 zone. BTC remained stable and was able to start a decent increase above the $61,500 resistance zone.

There was a break above a major bearish trend line with resistance at $61,000 on the hourly chart of the BTC/USD pair. The bulls were able to pump the price above the $62,500 resistance. It is up nearly 5% and trading near the $63,650 resistance zone.

Bitcoin price is trading above $62,500 and the 100 hourly Simple moving average. It is stable and well above the 23.6% Fib retracement level of the upward move from the $59,949 swing low to the $63,675 high.

If there is another increase, the price could face resistance near the $63,650 level. The first key resistance is near the $64,000 level. The next key resistance could be $64,400. A clear move above the $64,400 resistance might start a steady increase and send the price higher.

In the stated case, the price could rise and test the $65,500 resistance. Any more gains might send BTC toward the $66,000 resistance in the near term.

Are Dips Limited In BTC?

If Bitcoin fails to climb above the $63,650 resistance zone, it could start a downside correction. Immediate support on the downside is near the $62,800 level.

The first major support is $61,800 and the 50% Fib retracement level of the upward move from the $59,949 swing low to the $63,675 high. The next support is now forming near $61,250 and the 100 hourly Simple moving average. Any more losses might send the price toward the $60,500 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $62,800, followed by $61,800.

Major Resistance Levels – $63,650, and $64,400.