I have doubts that the price will surpass $35k in the next month, and it appears to be more of a bull trap rather than a genuine bull run. In my opinion, it seems that whales are seeking exit liquidity and deliberately inflating the price to lure in more retail investors.
For now I still don't think of it that way, because today it is very clear that Bitcoin which immediately increased to $ 31K could immediately fall back to $ 30K and even briefly below $ 30K. This means that there are many buyers who are still happy to buy Bitcoin, don't let Bitcoin go down too deep at the end of this month, and hopefully next month the price of Bitcoin can be much better than this month.
But there is a chance that the price could reach 50k this year. Many large funds have now applied to create bitcoin etfs. Because of this news bitcoin was able to break the resistance at 30k. If these applications are approved, we could well see a bull run. There is a lot of uncertainty in the market right now, but there is more good news so far.
So far there has been more good news, but some good news has still not been able to make Bitcoin rise sharply towards $ 35K. So Bitcoin may still need a few other things that are a little different in order to get more and more buyers interested in the next month so that the price increase can continue to be better.
There is euphoria in the market today. Bitcoin is up a bit, but altcoins have bounced back from the bottom very nicely. I don't know what news could have influenced this, but ltc did 30% and bch doubled in just one week. I guess it's hard not to say the bulls have come to the market.