From what I have seen both with people posting here and in social media people seem to be pretty confused about Bitcoins correction and the Altcoin correction. People are missing one key thing though. An asset cannot continue to go up forever it’s unsustainable.

Bitcoins brief pullbacks have not lasted long. Could this one be a longer period of uncertainty yes. There are many reasons though to think it could continue. Some of those are the US Federal Reserve Policy, and US politics, but geopolitical forces are still at play. 

Just tonight President Biden launched his first military action bombing a boarder checkpoint in Eastern Syria. This is due to the rocket attacks from Iranian back militias on US and coalition forces. Market forces like these typically cause safe haven assets to increase and Bitcoin has been called the 21st century digital gold. 

Assets go up and down however scarcity is vital to drive these prices up. Adaptation drives use and this causes further want of the assets. The want and use of the asset increases the price as more and more people want to use it.