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 price of Bitcoin is beginning to stabilize and at the moment, bitcoin is neither showing an uptrend price movement nor da trend and for sure we are close to a time when Bitcoin price can be the most volatile and for that, we have to be more proactive in our analysis of the market before making our speculations and for sure Bitcoin has shown a more positive outlook than negative so sure it is that we may likely see an uptrend market behavior in the coming days.
We may also be right to say that the Bitcoin price at 35k is being the likely discount price before the main correction happens which may be in an uptrend direction.