I personally don't think that $16k is possible at the end of the year. I'm giving like a conservative estimates of around $13k. There's a lot of resistance along the way to $16k and we might have a hard time breaking time unless there is a good news that will make people invest on bitcoin and move away from the Defi hype that has been plaguing the market for so long. So give and take, $13k will be good to me at the end of the year.
Another big concern is the miner's dumping their shares again, that just happened early this month, there's a possibility that it could happen again, we all know what happened is very surprising although not a big concern, they can dump and it will not have a big impact on the price but it will stop the momentum of the price from moving up and that what really happen this month.
Yes, this is a normal drop, and if one knows bitcoin from 3 or 4 years ago, one knows that these drops will eventually lead to an increase.
Also, if this resistance crosses 10,000 at the end of the year, we can hope that higher prices are on the way.
But we must also have a look at the fall and fall again ...