Over the past two weeks the price of bitcoin seems to crash during the weekend and starts recovering from the starting of the week. This way I don't think the perfect price correction is over. In my understanding there is more chance of price crash to happen over the falling weeks. I've predicted that the price of bitcoin will surely go down to $30000 making the price of ethereum touch $1500.
After Bitcoin managed to recover and go up to a price of $ 40k, after that Bitcoin started to stabilize at a price of $ 35k - $ 38k. I still hope
the Bitcoin correction is over, however seeing the number of times Bitcoin has struggled to return to a price above $ 40k makes me agree
with your prediction. Because there is a possibility that Bitcoin will fall back to $ 30k in the next few weeks. Then if Bitcoin drops to a price of
$ 30k, it is certain that the price of Ethereum will also go down to a price of $ 1500, because after all the movement of Ethereum depends
on the price movement of Bitcoin.
$40k is now the big resistance, we have failed many times in the last 3 weeks to overcome it. So it means its going to be hard and grind moving forward as the bears took over the market. Nevertheless, good price so why not buy at this price range?
The market is bleeding continuously, but still we have 6 more months before the end of 2021. A lot of things can happen, specially in the last quarter as historically, it is the strong months for bitcoin to go on another bull run.