I would like to argue that this might only be a few moments, and then come back like normal days (red). And if indeed this will continue to experience good conditions, I think the price increase will continue at an ever-increasing pace. At least the price of bitcoin will rise above $ 4000 in 48 hours.
Please remember after 14 months of bear markets, we are not going to have bull markets in sudden but we are going to have a sideways before the start of bull markets. Hence, I will not be shocked if bitcoin will be failing to break $4000 this time and going back to $3400 levels. But, I am also seeing an intensive buying pressure which may lead to $4200 levels before seeing any chances for coming down.
We have fallen for many months in a row and a little correction just must happen one day. It doesn't mean the bull run has begun at all.
Yes, this might be a correction in bear markets. But get ready for more this types of corrections in coming days as bitcoin may struck range bound for another few months before it will be getting ready for another strong bull run.