if it goes parabolic for too long, then I feel it makes take longer to recover in the longer term after the correction. This kind of dip or down, makes me think we have not see an all time high yet, and that the price has a higher floor.
Well said. I actually think that bitcoin is going to recover much quicker if the dump happened quicker as well.
However the correction that we are currently seeing is based off FUD and probably will not be the last dump that we see. it is much more likely that we see a recovery back up to $4500+ and potentially reach another all time high.
But you're absolutely right. The longer the bubble goes for, the longer the recovery is going to be.