The crypto market in the week ahead is expected to remain highly volatile due to a combination of factors, including geopolitical tensions and macroeconomic developments. For Bitcoin (BTC), the price is anticipated to range between $65,375 and $72,225 in October 2024, with potential support for a rally later in the month driven by increased adoption of blockchain technology and positive developments in institutional finance.
Altcoins like Solana (SOL) are expected to perform well, with analysts predicting a price range of $160 to $180, spurred by strategic partnerships and higher network activity. Ethereum (ETH) and other major coins are also poised for moderate growth as market sentiment improves.
However, uncertainties such as the global geopolitical climate, especially tensions in the Middle East, may cause price fluctuations, making it essential for traders to remain cautious.