I havent read anything about bitcoin price being corrected.
Can you please lead me to a link to where I can read about it?
Didn't hear about something like since I started here. Who invesnted this newly created word for bitcoin pricing?
"What is a 'Correction'
A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or a recession, but it can be a precursor to either."
the same is true about bitcoin price, sometimes with a little bigger percentage since bitcoin market is much smaller than any of the markets listed in that quote.
https://www.google.com/search?q=what+is+price+correction
specifically this link: http://www.investopedia.com/terms/c/correction.asp
this word existed for nearly as long as trading existed, you just weren't aware of the concept.