With less than a week remaining in the last quarter for
cryptocurrency
markets, investors are eagerly awaiting a bullish period. Historical data suggests that the monotonous movements observed over the last two quarters might finally end this October. Positive developments, including Fed interest rate cuts and FTX refunds, bolster expectations for a market upswing. What predictions do analysts have for Cosmos (ATOM), Ethereum (ETH)
$
2,672
, and Bitcoin (BTC)
$
63,445
?
Contents
Insights on Cosmos (ATOM)
BTC and Ethereum (ETH) Analysis
Insights on Cosmos (ATOM)
The popular cryptocurrency Cosmos (ATOM) was recently the focus of analysis by an expert known as Altcoin Sherpa. According to the shared graph, a further decline in ATOM’s price might occur. Investors who have faced losses for an extended period have not experienced significant upward movements, let alone seen double-digit prices.
Should the decline persist, an oversold bottom could be observed at $1.97, but bulls defending the $4.57 threshold may reclaim the $10 level where the downturn accelerated. Altcoin Sherpa remains skeptical about the outlook.
BTC and Ethereum (ETH) Analysis
The price of ETH remains above $2,600, while BTC is trying to solidify support at $63,000. Despite fluctuations in the news flow, BTC stands firm at this level. Many experts predict that the next target for BTC will be $65,000. Daan Crypto Trades highlighted that ETH successfully surpassed the 4-hour 200MA/EMA, signaling a positive trend for the short to medium term.
Rager shared his predictions for BTC, maintaining a cautious stance as BTC remains far from breaking out of the descending channel.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
