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Bitcoin 
$107,804 exceeded 64,000 dollars again after a week, while altcoins turned green. Ethereum 
$2,462 surpassed 2,500 dollars, and other cryptocurrencies experienced around a 3% increase. It may be beneficial to examine the evaluations shared by experts in recent hours and see if they can predict the surprising rise. Let’s take a look at these insights.
Bitcoin Expert Opinions
Carl mentioned in his assessment about six hours ago that the resistance above 64,000 dollars needs to be broken. The BTC price tested this level as expected and has currently reverted from 64,478 dollars to 64,100 dollars. We can say that the test phase is still ongoing here. For a test of 70,000 dollars, BTC needs to close above 64,500 dollars.
What happens if the test is unsuccessful? In this case, Carl expects a gradual decline to 60,000 dollars.
Crypto Fella also noted the possible effects of upcoming elections on the markets before the last BTC surge. According to him, the outlook remains positive for BTC.
“Bitcoin closed the first week of Uptober with a red candle. The big picture still looks healthy.
We are gradually recovering from the events that began with Iran’s attack on Israel last week. The year’s most significant event is still ahead: the elections. This could shake the entire market.”
An analyst sharing the decline target highlights the levels of 58,000 and 53,000 dollars for potential pullbacks.
Ethereum Insights
Kyledoops examined the Coinbase Premium index for Ether today. This is one of the best ways to measure the demand from US investors for BTC and ETH. If the demand is strong, the premium index rises, indicating greater appetite compared to the global market. The analyst shared a table highlighting the uncertainty following the crisis on August 5.
“Ethereum Coinbase Premium Index remains uncertain since the August 5 crisis.
Previously, from February 8 to March 11, Ethereum surged from 2,200 dollars to 4,000 dollars while the index was positive, triggering fluctuations in altcoins.
The price of Ethereum potentially sets the stage for an altcoin bull run, with US investor sentiment being crucial.”
Therefore, investors anticipating rapid rises in altcoins should keep an eye on this. The latest analyst TraderXO appears confident about an upcoming peak above 3,400 dollars for ETH.
