Bitcoin (BTC) saw a widely anticipated pullback on Oct. xiii as bulls struggled with Feb's old all-fourth dimension highs.

BTC/USD 1-60 minutes candle chart (Bitstamp). Source: TradingView

Analysts unfazed by BTC's price pullback

Information from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing from five-month highs to briefly wick below $54,000 on Bitstamp.

After recovering to around $55,000, the pair looked choppy on Wed with no clear direction apparent in the curt term.

For analysts, withal, there was lilliputian surprise in the moves. $58,000 had been tipped as tricky resistance, which was unlikely to break all at once, while a "buy the dip" opportunity at $53,000 or below was also on the radar for many.

"This BTC pullback doesn't worry me at all," trader and analyst Rekt Capital summarized.

He added that such a retest and consolidation was probable a required feature for Bitcoin to cement new back up and continue toward extant all-time highs and beyond.

Of a similar opinion was popular trader Pentoshi, who hinted that the higher low, which could result from the pullback, may be Bitcoin's last before an attack on higher levels.

"Clear invalidation if 48k lost," he ended in Twitter comments Tuesday.

Lack of euphoria is a "pleasant surprise"

As Cointelegraph reported, Bitcoin has kept something of a low profile despite coming within 15% of all-time highs.

Related: Need some Bitcoin 'hopium?' This chart calls for new BTC price all-time high past November

Google Trends information shows a comparative lack of interest in Q4 Bitcoin highs compared with earlier in the year.

Sentiment, while showing signs of greed, has not hit the extremes that traditionally characterize local and macro toll tops.

"Pleasantly surprised by the lack of euphoria every bit nosotros approach $60K Bitcoin," Charles Edwards, founder of nugget managing director Capriole, reacted this week.

"Merely similar October 2022."
Worldwide Google search data for "Bitcoin." Source: Google Trends