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 way Bitcoin's price has been rising over the past few weeks has been compared by many to a bull market. But we know that Bitcoin bulls have worked in the past and will work in the future as well. Also, it is normal for the Bitcoin market to grow a bit towards the end of the year, and with half of us waiting ahead, the price may have increased. Bitcoin price is currently at $36k, and it may move higher before the end of the year. Bitcoin halving will happen in 2024, so before the halving Bitcoin will increase a bit. Moreover, Bitcoin will become a bull market in the coming year because of which many investors are buying more Bitcoins and the demand is increasing due to which the price of Bitcoin is increasing.