This price now is definitely some type of price correction given how much the market seemed to crash over the last couple of months. There will be an increase in price but I'm guessing it will be more of a slow but steady type of growth instead of an exponential growth in a short time like we saw at the beginning of the year.
Correction of bitcoin prices has occurred, and now the price is in the range of USD 3,500. It might have an impact on the sluggishness of bitcoin trading after last year reached the highest price in the history of bitcoin, almost USD 20,000. But the prices currently formed are fundamentally stronger and more rational than the very high price of bitcoin.