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?"
Bitcoin now has more chances of increasing in price further than it has to decrease in price, I'm looking for the BTC's next major correction to the downside when the price gets to $50k or $69k which is psychologically a major zone of resistance that brought us way down here. I could guess that a lot of investors who bought at $50k- $69k and were thinking that Bitcoin was headed to $100k while they got trapped, may tend to take a breath seeing the market come to them once again and other factors that could cause brief sell-off.
Bitcoin bullrun hasn't started yet, but we are warming up already in preparation for that, the market will definitely rise and the target is about the closeness to the halving by next year, but not until then, we should be expecting the market to maintain being on this same pump from now on, there's no much significant bear till the year ends and we still have a long way to go from where we left which is $68,000 before the bullrun commences after halving.