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?"
I think it looks like Bitcoin will reach a price value of 40k each this coming December 2023 or before the end of this month of November. Because in these times, we are really in an uptrend. And others, even though we are bullish right now, think it might just be a bull trap.
And in my opinion, based on my charting observation, it looks like bitcoin will actually have a liquidation, and if it drops, maybe only between 31k and 33k, I guess in my own opinion.
expected same thing, december bitcoin 40k definitely possible, the chart looking good altcoin also increasing even most of them.
but we'll see about the ETF, if things went south, so does bitcoin price, hopefully it won't. I think the ETF is the main factor that could affect the increase of bitcoin here, to end the bearish season for real.
but its all still uncertain about what the results would be. but many people that willing to invest should know, ATH was $100k, now price only $35K even if the market looks like it has been rising, its still far away from ATH, therefore you're not late to invest. because maybe, we'll never see $35k again in the future, every bullrun always have higher bottoms than the previous one, therefore investing right now isn't really wrong.
all these good news, are clue for us.