Yes the pullback will put out of the market all the people that are not strong beliver and will give opportunity for strong believer to add more to their position. It will be a purge of panic seller and will give to the market the opportunity to grow at a steadily speed with no major drawback.
Why are you not seeing futur for crypto ? Governments will try to tax it, and of course some will try to shut it down. But it's international so it will be a stupid move to my opinion.