CandleFocus Bitcoin eyes $72,000 in October, says Bitget Research analyst
2024-09-24
Author: Content Editor
According to Ryan Lee, Chief Analyst at Bitget Research, Bitcoin could reach $72,000 in October due to improved macro liquidity, bottoming indicators, and institutional optimism. The recent interest rate cut by the US Federal Reserve and increased institutional activity in the crypto market are seen as driving factors for the potential price surge. However, the high level of volatility also leaves room for a correction. Lee also expects Ethereum to perform well, with a projected price range of $2,200 to $3,400, citing factors such as staking yield, capital flow into Ethereum's ecosystem, and a potential resurgence in Ethereum's meme coin landscape.
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