I disagree. bitcoin is undervalued by a lot. it at least needs to go up another $3000 to get where its real value is. this price is the product of a "push-down" not a correction anymore. yes there was a bubble, then there was a correction but that was months ago.
octobr-march seen a SPECULATIVE bubble layer on the price, which has corrected down.
the october-march UNDERLAYING VALUE was 6-9k due to the mining costs of such upholding that.. but now there is a new batch of miners that are cheaper which has brought the average cost per btc down. although the hashrate has risen since march to mitigate some of that underlaying value dip the underlaying value is still lower than the 9k top.
so i agree with the OP we are near the healthy new underlaying value. and now just have to wait for the hashrate and difficulty movements to push the underlying costs up to then move the support lines up to move the price up.