its hard to happen , if there is correction i am sure it will not extreme as you said.in near future maybe bitcoin will moved on range $4252 till $5624. in this range big trader will play.
if we look at the market now, maybe big traders have started playing, where the price of bitcoin on the market is like being done by big traders. some assets have decreased but I think if this is just a game of trading, hopefully it will soon move up again soon.