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Reading: Price Prediction: Bitcoin (BTC) and Ethereum (ETH) October 7 Chart Comments
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Price Prediction: Bitcoin (BTC) and Ethereum (ETH) October 7 Chart Comments
Bitcoin and BTC

Price Prediction: Bitcoin (BTC) and Ethereum (ETH) October 7 Chart Comments

vitalclick
Last updated: October 7, 2024 4:54 pm
6 months ago
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Bitcoin $63,272 At the time of writing, it rose above $64,000 again after 1 week. Altcoins turned green. While ETH surpassed $2,500, others increased by around 3 percent. It may be useful to consider the evaluations shared by analysts in the last few hours today and see whether they can predict the surprise rise. Let’s take a look at these now.

Bitcoin Expert ReviewsEthereum Reviews

Bitcoin Expert Reviews

Carl wrote in his assessment about 6 hours ago today that the resistance above $ 64,000 should be broken. BTC price As expected, it did a test here and is back from $64,478 to $64,100 for now. We can say that the testing phase continues here. BTC price needs closes above $64,500 to test $70,000.

So what happens if the test is not successful? In this case, Carl expects to see a gradual decline to $60,000.

At the same time, Crypto Fella pointed out the possible impact of the elections on the markets before BTC made its final rise. According to him, the outlook is still positive for BTC.

“Bitcoin It closed its first week on Uptober with a red candle. The big picture still looks healthy.

We are slowly recovering after the events that started with Iran’s attack on Israel last week. The biggest event of the year is still on the agenda, the elections. “This could shake up the entire market.”

The analyst, who shares the decline target, draws attention to the levels of $ 58,000 and $ 53,000 in the possible withdrawal.

Ethereum Reviews

kyledoops today ether for coinbase He glanced at the premium index. This is one of the best ways to gauge demand for BTC and ETH from US investors. If demand is strong, the premium index is high and we see that there is more appetite than globally. Sharing the table below, the analyst drew attention to the uncertainty that occurred after the August 5 crisis.

“Ethereum $2,468 Coinbase Premium Index It is in uncertainty after the August 5 crisis.

Previously, from February 8 to March 11 EthereumWhile the index was positive, it jumped from $2,200 to $4,000 and triggered altcoin fluctuations.

“As the price of Ethereum potentially sets the stage for an altcoin bull run, US investor sentiment is key.”

So, investors who expect rapid rises in altcoins should keep an eye on this. The last analyst seems confident about the upcoming top above $3,400 for TraderXO and ETH price.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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