Correction

Bitcoin (BTC), the flagship cryptocurrency in the world, started a new cycle on its 10th birthday. Bitcoin was officially released on Friday, October 31, 2008. Let's first see how the BTC/USD 4H chart below stands and ascertain how BTC ended its correction on Wednesday, October 31, 2018, and how it started its next cycle. BTC finished its correction in 2014 the same way it happened at the end of last month, by first going above the triangle and thereafter correction above it.

Bitcoin seems to be becoming relatively stable, with price fluctuation ranging from around $6,300 to $6,500 over the week.

Following weak momentum that had surrounded several digital currencies, indications of a market correction were observed on November 1. Candlesticks were green on Thursday this week for most leading digital currencies. This is a big boost to crypto traders and investors although the whole bearish trend hasn't slackened. Some of the cryptos with the most prudent momentum increase are Ripple (XRP) with 2.22% and Bitcoin (BTC) with 0.9% on hourly charts.

Ethereum Classic (ETC) is the coin to give a load of attention to during the present market correction. ETC investors have been gripping firmly to their coins and multiplying more during the correction. The ETC investor landscape isn't a big one at this moment, but it is definitely one of the most highly educated and well informed and painstaking ones.

Bitcoin has experienced days of tangled fluctuations since the commencing of this correction. However, the last few months have registered more downwards trend and less assaulting moves. To some people, this might be a significant indication that Bitcoin's correction is finished and that the price is refreshing before starting a fresh cycle.

The Bitcoin price has fallen like a stone by over 2% within just 30 minutes from $7,400 to $6,950, forcing tokens and other significant Cryptos to register large losses. Moreover, the downfall continued within the next hours, and presently BTC price is as low as $6,452.

It seems Bitcoin has fully recovered from the major $9,000 price correction. As of the time of writing, the BTC price at CoinMarketCap amounts to $11,931, which is another all-time high.

It seems the market has gone mad. Bitcoin is surging further, reaching all-time highs every day. However, despite such an overwhelmingly bullish uptrend, there are high chances of a significant correction.

It seems the $10,000 forecasts were not so groundless after all. Despite a short pullback of the price, BTC is going higher again. At the moment it is traded at some Bitcoin exchanges for $8103. The price is still resembling a rollercoaster with rises and falls that can barely be anticipated.