It's not "Uptober" yet, but we're seeing signs of a bull run. BTC has already reached $64K, and September has been a decent month so far. Many are leveraging this momentum, preparing for a potential bull run or a trading fiesta, as the market is looking green.
Do you think the recent surge is a facade, or will we see a more strengthened market in the coming months?
With how far the year has gone, I think we are going to see more of bullish trend going forward from here. The Month of September has really been a hell of a ride for Bitcoin. Although it was already predicted that the early and middle part of September will be more of bearish than bullish , and we really saw how that played out. Since from history September has really been a bloody month for Bitcoin. Now that September is gradually coming to an end and the bullish candles has started coming up again. I think the recent surge in the market is going to be sustained for a larger part of October, and the remaining months of the year. Before September will end Bitcoin is going to break the $64k level.
Only a few days left and after that we will reach the last quarter of the year. The last few months have not been very positive for Bitcoin so we can consider the upcoming month as a bullish month for Bitcoin. However, in late September we see Bitcoin move slightly higher. But it definitely needs time to get its full strength. Moreover, we will see Bitcoin becoming a bit bullish from next month if we consider it as the implementation of the expectation that is working in everyone after the Halving. The last quarter in particular looks quite bullish compared to the rest of the year. But these are all just guesses. The market can turn in any direction at any time. Bitcoin has already crossed $64k. If this continues then we will be able to see a Bitcoin bull market soon.