Bitcoin (BTC) could reach $72,000 in October, according to Ryan Lee, Chief Analyst at Bitget Research. This forecast is driven by improved macro liquidity, bottoming indicators, and institutional optimism. The US Federal Reserve’s 50 basis point rate cut on Sept. 18 to 4.75%-5% boosted liquidity, leading to BTC rising 6.6%. Lee believes current prices offer a good accumulation opportunity.

Bottoming signs include negative funding rates in September and extreme fear sentiment, indicating a potential rebound. Institutional interest, like MicroStrategy’s Bitcoin purchases and net inflows into US spot Bitcoin ETFs, further supports a bullish outlook. However, volatility could lead to a correction toward $58,000, with Lee giving a 70% confidence interval for this range.

For Ethereum (ETH), Lee projects a price range of $2,200 to $3,400. ETH’s staking yield nearing US Treasuries and the upcoming launch of EigenLayer may attract capital into its ecosystem, along with potential gains from the meme coin market.