A Russian crypto expert predicts that Bitcoin (BTC) could reach $70,000 to $75,000 by the end of October, following its recent upward trend. Alexey Mokrov, founder of Cryptobotpro, shared his insights, stating that the market is showing strength, and October appears to be compensating for earlier losses, bringing optimism to traders. He mentioned that if major players enter the market, Bitcoin could continue its upward trajectory, but cautioned that a correction to $60,000 remains possible due to the unpredictable nature of the crypto market.
Mokrov also provided forecasts for Ethereum (ETH) and Solana (SOL). He believes ETH could reach $3,100 if demand for DeFi and NFTs remains strong, although a drop to $2,400 could occur if demand weakens. For SOL, he predicted that prices could climb to $180, assuming network stability, but unforeseen circumstances might cause a decline to $140.
Other crypto experts echoed Mokrov’s views, highlighting external factors like geopolitical events, the U.S. elections, and economic pressures in the U.S. and Europe as influential in driving BTC prices. Dary McGovern, COO of Xapo Bank, emphasized Bitcoin’s growing adoption, expecting its market cap to eventually surpass that of gold due to the capped supply of 21 million BTC and increasing global demand.
Meanwhile, Arseny Poyarkov, a member of the State Duma’s expert council on digital economy, had previously commented that inflationary pressures would continue to drive long-term BTC price growth, despite mid-year dips caused by the sale of confiscated Bitcoin by the U.S. and Germany.
