Quote from: JoyMarsha on October 29, 2023, 09:14:02 PM

Quote from: Iamcrypticguy on October 26, 2023, 07:38:01 AM

The recent surge in BTC to the $35k region has led many to believe that the bull market is back. Some analysts believe this is just the effect of historical October patterns, and we may see a significant pullback for accumulation and liquidity purposes before the bull season kicks off. I'm confused, which is why I'm here. What's your opinion, fellow traders?"

The accumulation of bitcoin continues it never stops a bit even if bitcoin should hit $35k above as we have seen it to be. I don't see investors trying to pull back because of that.

One thing that every crypto investor has in mind is that, at what price they bought bitcoin now, it will surely skyrocket higher than it did during the bull run season. So no need for them to pullback from the accumulation of bitcoin.

Accumulating bitcoin at this price, with the amount you can afford to lose is what every investor should be doing before the bull run starts. The price of bitcoin you are seeing today, you might not see in months to come as the case may be

...and that is the process of the price going even higher, BTC is now at a price of $34,274 which previously rose high to a price of $35,280 and the difference is not that big either. I and others also hope that the selling pressure will decrease and become smaller so that an upward reversal occurs quickly and the price rises to 40K in the near future.