You were right that Bitcoin will correct further. Given the current state of the market, I still think Bitcoin can go lower than this point. A lot of altcoins which are very high went up as Bitcoin went up. Bitcoin hasn't gone down that much yet but with a little correction the altcoins have gone down a lot.
Bitcoin can indeed have more of an effect on increasing altcoins in the market and this has happened very often when Bitcoin has experienced an increase in price in the market. I wasn't that surprised when I saw altcoins that had experienced more price declines in the market when Bitcoin started to be corrected in quite a small amount because I always differentiate between Bitcoin price movements and altcoin price movements in the market even though the increases often occurred simultaneously.
What do you think? Is this a good time to invest or should we wait more considering the market conditions?
If you want to invest in Bitcoin and not invest in altcoins, it's a good idea for you to do it now without having to wait any longer to do that. But you also have to determine the time because Bitcoin is always more suitable for long-term investments, not for short-term investments like those made by people who buy altcoins. However, if you only want to trade with altcoins in the market for short-term profit targets, it wouldn't be wrong for you to wait for the next price drop even though I myself don't know when the next price drop will happen again for altcoins.