In fact, Bitcoin's correction is an indicator that Bitcoin is very healthy. Imagine if the price continued to rise without decreasing for some time, of course what would happen would be that the price of Bitcoin could fall freely, even like a shitcoin that keeps going high and ends up having no value at all.
It's hard to differentiate a price fall is a healthy correction, a terrible crash, a death spiral. Market will tell us what that price fall is but it takes some time, delayed time for us to know the fact about that. At the moment of price fall, it's hard for a market participant and decide to hold, panic sell or don't do anything, it's not easy.
Luckily Bitcoin already has a long enough history, went through some bear markets, big market tests, and it is still here. I agree that if we need a strongest cryptocurrency, it's only Bitcoin.
the adoption of blockchain technology also greatly influences the price of bitcoin compared to just rumors and viral news. In fact, this adoption makes Bitcoin last longer than just hype.
Adoption is important to bring more people as users, investors, traders into this market. This helps Bitcoin has very sustainable growth in trading volume, trading price and through adoption, Bitcoin will have more use cases that will help it to gain higher value.