I would be even happier if bitcoin could correct sharply and drop below $20k again. Every time bitcoin gets dumped, I buy more, so I'm most looking forward to a correction during the bear season. I'm focusing on accumulating bitcoin and only selling when it hits $150k, so I'm happier to see bitcoin drop than to see bitcoin go up so fast.
The halving is getting closer and people know it's going to be worth more in 2024, so there isn't and there won't be much sell pressure.
What we're seeing now is traders who made some money on that last pump from 28k are taking profit. It's not panic dumping, just short-term investors are scalping what they see as a temporary top.
I wouldn't count on a drop below 20k, unless something completely unexpected happens, like an exchange collapses, the way FTX did. Even if there's a continuation in the dips, I expect to see 40k by the end of the year, and a new ATH in 2024.