BTC. This is my current view on the market! what do you think?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We are currently in a correction period, and i think we will be retesting the lows of March be for we could potentially break out to the havling bull market. i often hear BTC completes 80% of its cycle before it breaks out, i guess we will see if its true now!

Please let me know if you think my theory is valid?