The current correction in the cryptocurrency market is just a "bull market breather" rather than the "end of the bull market"
In December 2020, Bitcoin fell by 12% after a significant rise, but over the next 23 days, it rose by 136%. The current drop of about 13% follows a similarly strong performance in the fourth quarter.
Currently, Bitcoin may still further correct by 10-15%, but it is emphasized that Bitcoin and the broader cryptocurrency market still have enough momentum.
In addition, industry insiders believe that adjustments during the price discovery phase are both common and necessary, usually lasting several weeks, with bull market cycles typically occurring up to four times.