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?"
Although this is a sign of a bull market it is only temporary. This bull market is not long-lived due to which the price of Bitcoin has started to fall again within a few days and it is likely to fall further. It was mainly because of the ETF that the price of Bitcoin increased from 27000 to 37k thousand. And I can't see any higher momentum for the time being, this could be the highest bitcoin market growth in 2023. However, most of the people predicted that Bitcoin will touch 40 but it doesn't seem to be possible at all because the market is already showing Bitcoin price volatility. And it cannot be said correctly that the price of Bitcoin may increase further.