The correction is going on and yes it would take a bit more time to recover and I am sure by next Feb 2022, the growth will be back again and might reach the ATH $70K. Lets see
If previously people predicted the end of 2021 was the peak of bitcoin (ATH) rise, then today it seems they are starting to realize that they are in a bearish phase (correction).
It takes optimism when it comes to investing, but I just emphasize that never ignore the risk of volatility. Institutional investors can do anything with their funds because they put bitcoin as a hedge and they have a large reserve of money in the company. So whatever makes us influenced by them then we must not ignore the risk. The correction is still ongoing, now $46K. Next year can still be expected for ATH, of course.