There are so many opinions, I have heard from numerous analysts and it depends on what indicators you look at. I would say that there is apparently a correction back down, but it will only be around 30%, or down to around $6900, but this is just a possibility, based on the previous bull run patterns. But it looks like bull run type of parabolic movement with such pace and ignoring usual indicators like overbought RSI, Stoch, etc, particularly on the weekly, and on most time frames. So I would say this is a bull run already, though there may be more than one 30% correction occasionally on the way up.