Will current Bitcoin consolidation lead to new all time highs?

COINBASE:BTCUSD   Bitcoin / Dollar
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Many people are afraid of Bitcoin's recent 35% correction, in my opinion it has been healthily retracing in order to build energy, and it is set to explode in the month ahead. The thing that many bitcoin haters and naysayer's forget is that as of now, bitcoin is the on and off-ramp for almost all currencies, dapp's and tokens... When the tide changes, bitcoin will likely act like a vacuum for massive profit taking and investor movement in months ahead. I think many altcoin investors are extremely elated with recent explosion in prices but many also feel concerned about ending up holding their bags as they did throughout the late summer and fall, its possible the alt fomo could turn into a movement for the exits when bitcoin begins to rip once again, thereby driving up btc values to new all time high's.
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