to be honest , i just invested all of my money into crypto on the middle of november , as we see now , everything go green , i even got 12 X ROI just for hold crypto like EGLD,INJ,CAKE,XVS, the question , where the correction , it is the party will be over soon ? or it will be bigger since as we know recently big company like TESLA even accepted bitcoin , or its just fake bull ? if yes , i cant imagine how big the correction will happen.
There will be a correction, but not now. Possibly after the pandemic recession
I think correction will come when the usa economy recovers, and I do not mean people who are wall street CEO's who make money neither, I mean people who are living from unemployment checks, usa is not doing good, even my nation known for not being that great of a nation handled it better.
Looking at how bitcoin is pegged to dollars, I have to say USA economy is the most important one and we need either those huge corporations that got insane amount of money from this period to end up buying billions of dollars worth of bitcoin right away, or we need the economy to recover so that regular people could end up buying bitcoins as well. I think neither option is available right now, which means either we will be surprised, or a correction will come again to make it more appealing to people who will end up spending money on bitcoin again because it dropped.