I am of the belief that bitcoin should be in a price correction next 6-12 months. The main reason is again (like 2017) that the market has had extremely high demand over a short period of time. This may be partly due to the fact that many people have to place their cash elsewhere, than in the bank, due to the very low interest rates on deposits.
Those are what corrections called, dropping down and recovering. Normally we have seen so many crashes and bad things after a big increase that people are still shocked about recovering after a fall, but this is what correction actually is and that's what going on right now. People think that when you end up dropping, you drop even further, and then drop some more, they are expecting under 10k prices once again after each big drop.
However corrections are things where you go down 10-20% range and then recover most of it back and steady and then either go even higher or have another correction. We had this during 15k price levels, we had this MANY times between 17k-20k remember that? Only few months ago we went to 19.2k-19.6k levels and dropped under 18k about 5 times, but recovered each time, look at us right now, over 33k already. So, correction is literally what we are having right now.