I'd say we're overdue for 30% correction. But I don't condone it.
A 30% correction would not be out of order - however, I doubt that "overdue" is a very decent description of our current bitcoin status.
Also, I think that these various other alts are kind of fucking things up - meaning that it becomes a bit more difficult to discern the various money flows in and out of bitcoin and the strength (or lack thereof) of buying pressures in bitcoin.. I'm thinking at least one more leg up is in the more probable outcomes and then a 30% correction would be fair game from that point... lets get into the $5400 to $6400 range.. then possibly a 30% correction.. If we happen to shoot above $7k, then a 50% correction would be fair.
I entered Bitcoin during the mother of all bear markets. I'm conditioned for doom.
You people merely adopted the doom, I was born into it.