There is a 3rd more likely outcome:

A) crypto has become super nonvolatile ... historically low actually, and not just BTC but for many major top 50 use case coins
B) BTC follows a long winter period after a super bull run (example: the time was mid-2011 when it hit $31...took >12 months before even recovering to high $20s in Jan13 before next super bull run, that's 1.x years)
C) Is it unthinkable that the correllation between BTC and crypto to the market is actually now sub 0.25....that's freakishly low....meaning it's possible we just ride out this correction perhaps to new 20% territory and BTC just bounce between high $5900x to low $7100x.....for 3-6 more months before anything happens again