Since I have been trading, every correction has been followed by new all time highs for most cryptocurrencies. If this trend continues, many of us trading today will become wealthy.
This is more of a tending to happen thing rather than an assured trend as periods after corrections have been know to be typically bullish in most cases. Bitcoin going on a bullish run is on the cards as the correction period seems to have lasted a bit too long.
On the other hand, given the growing trend of new government regulations, this may be the beginning of a long winter.
This has been a constant hindrance to cryptocurrencies' growth over the past few years and governments don't seem to be backing down either as continued attempts to regulate cryptos has barely bore any fruit. Yet, it does not stop them from being stubborn and further ploys continue to play an indirect influence on the price, negatively.