This correction has shaken the greedy investors and the maniacs who bought at 20k (it happens, but seriously don't be greedy). THe 4 hour candles show signs of strong reversal. That being said it, could go much lower there is a bear trigger: China REAL ban of cryptocurrencies or if TETHER turns out to be a scam and has been artificially inflating btc prices by essentially "printing" coins (i find this unlikely but still possible). It could reach even lower.
However I think investor sentiment is slowly changing, money seems to be flowing back into the market for now. I will keep this idea update asits still very volatile