Analysts say multiple factors point toward ETH rallying to $5,000 and BTC not expected to encounter significant resistance until $85,000.
The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin (BTC back near the $63,000 support zone and Ether (ETH has established a new all-time high at $4,460.
ETH/USDT 4-hour chart. Source: TradingView
Analysts say that BTC could hit $90,000
The bullish moves seen in BTC and Ether caused a moment of reflection for independent market analyst Crypto_Ed_NL, who tweeted that it “seems I was not bullish enough at $40,000” when a target of $73,000 was given.
BTC/USD 1-day chart. Source: Twitter
After taking the recent moves into account, Crypto_Ed_NL indicated that the “target moved