Every market like stocks commodities Interest rates etc see corrections upto 75 % which doesn't mean that they will not go back up higher and history proves otherwise. These corrections in fact are healthy. There can be many many factors behind these moves. Bitcoin being the first crypto with early mover advantage and with improvements like Lightning Network in the works, Bitcoin will keep growing and will see new highs in the near future.
Bitcoin will always have that moment that it will go down at times, just consider it a blessing in disguise nowadays. As you can see that bitcoin will start to go high on a specific phase, it will really depend on the demand thay bitcoin has, as you can see many bitcoin holders are still holding their ace, which is whu. Bitcoin start to go down. The cycle is not being meet, just like a cycle of money. But as I can say that bitcoin will raise $20K and more.