technical correction by 40%? not gonna happen, same way 20k hasn't happened when it was 30-40. The only way it could happen if there would be a situation supporting bearish outlook. You would need to predict future to claim that. Atm its bullish and institutions are buying.
@StewySongs, I don't have psychic powers hence would not make predictions like that. Might happen might not but technical is not supporting this atm.
Many people predicted retrace to 20k some time ago based on historic pullbacks but not taking into account that situation for bitcoin is much different now and there is much bigger appetite. This need to be taken into account if you calculate chances.