The correction won't be an "if", but a "when". We are absolutely witnessing a parabolic movement in cryptos right now... how high will it go? We'll all wait and see. I believe the depth of the correction will be dependent on the time frame in which it occurs. The longer the correction (the slower and more steady the decline) the deeper it will grind. If we simply see the legs swept out from beneath the market, it will find its feet again rather quickly and I don't believe BTC will approach the $1000 (or lower) mark if that is the case.
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I believe the When will be when the Alts are done singing their bullish oratio