This situation now I wouldn't call strong correction, it's been much worse. Currently this is still moderate corrections and at the moment I don't see the signs that it could go even deeper.
So watch the market closely and keep up with changes but don't start to panic and don't get under influence of different false information and FUD.
So far I haven't read any prediction with solid ground and explanation that makes any sense so I consider this all to be pure speculation.
And I often wonder if it is a chicken to an egg situation... any thoughts?
Bitcoin has already corrected and the price is now in normal situation. People thank that bitcoin is not increasing but I think that they are addicted of big pump in the price like the previous one and now they want growth every time. I feel nothing when the price collapsed from $20k to $6k because I knew that this growth was a bubble and when this bubble blown in the air the price will fall to its original position.