Have we seen end of the Bitcoin correction or is there more to come? This is a question which is very difficult to answer. But, We can surely make a few educated guesses and predictions based on Technical analysis. However, since Technical analysis is not an exact science, it is left to the subjective opinions of technical analysts. I am by no means a financial advisor nor a Technical Analyst. Hence, I will only present a plain opinion piece.
Looking at very few basic technical analysis patterns, it is fairly simple to make guesses. Since Bitcoin has seen a break above the downward sloping trendline, I would venture out to say that it is the end of this corrective move down from 10000, which started a month and a half ago. But are we out of the woods yet? That is hard to say, but it definitely marks a short term bottom in place.
We are likely to see more consolidation in this broader range of 6000-10,000 before we witness any surge upwards. My view is that. we will see old highs of 20,000 and probably cross it by December. That would certainly be a great Christmas gift indeed!