Bitcoin and Ethereum Predictions for October 2023: What Experts Think
Even though the new month has only just begun, numerous predictions have already been made by several different crypto experts.
From meme coins to altcoins, the crypto community has been consistently engaged in making projections about the performance of various cryptocurrencies within specific timeframes. Notably, Bitcoin and Ethereum stand out as the primary cryptocurrencies where numerous enthusiasts eagerly exchange their own predictions.
As you can expect from this blog, we will go over the experts' price predictions for Bitcoin and Ethereum. But before we do that, let's first take a look at how two of the most popular cryptocurrencies performed in the last month.
At the end of September, Bitcoin's price closed at $26,911.69, while Ethereum's price finished at $1,667.99. Now, the question is, did any of the experts I featured in my previous blog make accurate price predictions for Bitcoin and Ethereum?
CryptopricePredictions predicted that Bitcoin's value at the end of September would be around $26,580.799. This prediction turned out to be the most accurate among the three crypto experts I featured in my blog. Now, let's talk about Ethereum's price predictions for September, which is quite interesting because, among the three experts I talked about in my last blog, Cryptopredictions also happened to have the most accurate predictions for Ethereum's price.
Now, let's explore what the experts anticipate for October 2023.
Bitcoin Price Predictions for October 2023
As of now, BTC is trading at approximately $27,442, with a current market cap of $524.99 billion USD and a 24-hour trading volume of $9.57 billion USD.
According to Coinpedia.org, BTC was expected to reach $29,950 by the end of this month. On the other hand, Finbold had a more optimistic view, predicting that BTC might reach interim resistance at around $30,403.
Changelly had almost the same predictions as Coinpedia.org and believed that BTC would close the month at $29,766.
Ethereum Price Predictions for October 2023
Now, let's take a closer look at how Ethereum is doing in the market. The current price of Ethereum is $1,642.17. When looking at its past performance, Ethereum has been on a downward trend since June, with lower highs and lower lows.
Despite the downtrend, most crypto experts remain optimistic about Ethereum's future. For instance, the Changelly predicts that ETH's price could reach $1,802.15 by the end of this month. Even DigitalCoinPrice is positive about Ethereum, predicting that it could reach $1,818.11.
Taking a different perspective, Coindcx is making a bold prediction. They believe that Ethereum could reach a substantial $1,900 by the end of this month.
And that's it for Bitcoin and Ethereum experts' predictions for October 2023. What are your price predictions for Bitcoin and Ethereum? Feel free to share them in the comment section below!