It may correct around 30% but not sure whether it can go back to all the way to 3k level.
Nothing is impossible in this market, but it's highly unlikely. If we look at how the strong demand reacts when the price dips below the $8000 level, you'll see how quick it gets bought up to over the $8000 level again. In case a more serious correction follows, it will be an extremely short term happening, which at that point is something positive for those looking to enter the market at discount levels. If we take the strong demand into consideration, and the willingness of people to hold their coins for a longer period of time, we're more likely going to face a consolidation phase rather than a corretive phase. Either way, people should understand that everything that happens, is just of short term nature. Hold through if you're not a trader, and if you are a trader, then utilize all given opportunities.
