If Bitcoin sustains its rebound above $60,000, investor sentiment is likely to improve and attract buyers to altcoins.
Bitcoin (BTC) bounced off the critical $60,000 level on Oct. 4, indicating that the bulls are trying to form a higher floor. Lekker Capital chief investment officer Quinn Thomspon said in a post on X that buying Bitcoin near the $61,000 level is a “no-brainer.”
Another bullish call for Bitcoin came from JPMorgan, which believes investors are turning toward gold and Bitcoin.
“[R]ising geopolitical tensions and the coming [United States] election are likely to reinforce the ‘debasement trade’ thus favoring both gold and Bitcoin,” JPMorgan said in a report shared with Cointelegraph.
