Bitcoin Price Surges to $35.5K, Analyst Warns of Potential Dip

Bitcoin experienced a short squeeze, spiking nearly 3% to $35,500, while altcoins like solana saw gains, leading to a widening crypto rally that lifted the total cryptocurrency market cap to $1.3 trillion, its highest since May 2022. Analysts recommend aggressive accumulation of bitcoin in November, as capital rotation into altcoins creates a "mini altcoin season." The increasing risk-on sentiment in traditional markets also supported the digital asset space.