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?"
Theirs nothing to talk about again because the way I'm seeing everything concerning bitcoin market I seems it like something I know very well that is not bullrun but later I began to look at things that is indifference from other speculation of bitcoin reaching big amounts or small amounts, so what I know of bitcoin right now is that Bitcoin can rise now and next 30 minutes you see bitcoin falling but what we are seeing now in the price of bitcoin we can conclude the price of bitcoin that is in bullrun
Just show how volatile the market is, it's either you embrace it or not, up to you. Maybe right now, you see the market as in the bear market, technically we are, however, we have gain so much from our last lowest low in the bear market. We have move past 100%++ increased.
Nevertheless, this is not a full blown bull run, it's that the market sentiments have shift already to being positive because of the news about the incoming Spot Bitcoin ETF approval, but we will have to wait and see how it goes. One thing is for sure, no one can stop the block halving for next year, which is the catalyst for a massive bull run in the next year or two, (2024-2025).