I believe the next wave of the bull run is about to erupt as CEO of the biggest asset management firm BlackRock Larry Fink said bitcoin can evolve into global asset. There are more big guys from Wall street getting involved in bitcoin too. We won't possibly see any serious corrective retracement anymore.
https://www.coindesk.com/blackrock-ceo-bitcoin-global-assetI believe that's true and it wasn't an speculation anymore, Because many institutional investor are already joining the cryptocurrency bandwagon, it means that there are new capital was entering into the market that's why as we see the market trend today it has a huge difference compared to the 2017-2018 market trend respectively.