Bitcoin (BTC) neared $37,000 on Nov. 9 as a fresh BTC price surge appeared to take traders by surprise.

BTC/USD 1-hour chart. Source: TradingViewU.S. “carrying” Bitcoin upside

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $36,000 after the daily close.

The pair went on to reach $36,864 on Bitstamp, making its highest level since early May 2022.

The day prior, concerns among market participants focused on bid liquidity heading lower, potentially allowing for a retest of $34,000.

This ultimately failed to occur, with upside entering during United States trading hours.

“Zooming out, this is the most bullish U.S. has been on Bitcoin since early 2022. Asia price…

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