The current situation can automatically cause me to wonder, whether the current bearish cycle will continue until the end of the year or end soon where we will see a big pump started at the beginning of the year. but before there is a breakout of the resistance, the current bearish looks likely to continue until the end of the year.
You can see the same pattern on the previous ATH in April and compare it to the November ATH. The pattern is almost the same in the short term where after ATH occurs you can find that the price started to correct for several weeks. In the short term I think the price could still correct deeper and this assumption is strengthened by the possibility of some big traders leaving at the end of the year for a vacation. Investors may be willing to stay, but will be different from traders in general. So it might be true to see ATH delayed for 1 to 3 months from now.
I don't want to speculate further about when and how the next ATH scenario will happen, but it doesn't hurt to remain optimistic to expect a new ATH to occur at the end of the year or in Q1 2022.
As long as we are for long term hodling, i guess corrections will not bother us much as we never intend to sell at a lower value. So even if ATH comes a late off, we should still look forward for it.
However, i don't see chances that this correction will last for long as usually it does occur only temporarily. And its a good thing to remain optimistic no matter the situation is because in the long run, bitcoin and strong altcoins will always find their own ways to recover and reach their new ATH finally. Although it may be uncertain this time but i know it will eventually realized in time.