The Bitcoin price suffers a slight correction, reaching $ 5,921, after the new record all time high in the weekend, when it reached the highest threshold so far: $ 6,119.
Starting October 12, the Bitcoin digital price rose from $ 4,800 to $ 6,999 within 10 days. Investors have expressed concern about such a steep rise in BTC's value without major corrections.
In the last 24 hours, the price is slightly corrected, as it dropped by approximately $ 270 in this timeframe. However, the market has begun to recover and different short-term impulse indicators, such as the MACD, show that another rally in the Bitcoin price is imminent.
Analysts also suggested that a Bitcoin price could enter the $ 10,000 area if the $ 7,000 mark could be obtained in the next few days, taking into account Bitcoin's strong rally in the past week.
Unlike Bitcoin Cash's August victory, Charlie Lee, creator of Litecoin and former Coinbase CEO, has pointed out that the failure of large-scale trading platforms to provide immediate support for Bitcoin Gold could lead to lawsuits in court long. But exchanges have the freedom either to delay the integration of BCG trading or simply not to implement Bitcoin Gold on their trading platforms.
Thus, the decline of the community and industry in support of SegWit2x and Bitcoin Gold may lead to an increase in demand for Bitcoin as the market gains confidence in Bitcoin's medium-term performance.