Experts Split Between An Uptober For Bitcoin And Solana Or Pumptober For 10,000% Dominate Presale

As October begins, experts are divided on whether the month will bring massive gains for established players like

Bitcoin $61,453 and Solana $147.

Some predict that the Bitcoin price might finally break the $70,000 mark, while others look to Solana’s rise in the decentralized exchange (DEX) space. Or will an exciting crypto presale like Raboo ($RABT) steal the show with astronomical returns?

The Bitcoin price could rally to $70,000

The Bitcoin price is a topic of intense debate. It recently closed at $63,451—an impressive result. Analysts point to several factors that could influence its climb towards $70,000.

One factor to watch closely is institutional interest, which surged in September. Many analysts preach that as traditional finance leans more into Bitcoin, it could lead to sustained upward pressure.

Exchange-traded products (ETPs), for example, saw a significant uptick in inflows. This hints at growing confidence among institutional investors. This development could provide the necessary momentum to push the Bitcoin price beyond $65,000.

Should Bitcoin manage to break through the $66,000 barrier, many expect the asset to move quickly toward $70,000, signaling a strong finish to 2024.

However, failing to clear this level could lead to a retracement, with support zones around $61,500 acting as safety nets.

Solana’s push towards $200

Bitcoin dominates headlines, but in the background, Solana continues its impressive upward march. Solana’s DEX volume surged by 45% over the past week to $7.87 billion. It nearly surpassed Ethereum’s DEX volume of $8.335 billion.

The SOL rise was fueled by several factors, including its high-speed, low-cost transactions and the upcoming Fire Dancer update that promises to further enhance the network’s scalability.

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