The possibility of bitcoin slicing down is there and that's what makes the fun in the crypto space. The rollercoaster risdwe face in the crypto market is used in alwqy round to make profits, though when the deep goes to deep, everybody looks for where to keep safe the earnings.
With the insertions of institutional bodies in the crypto space, there has been a consistent rise in the price of bitcoin, and these bodies are having influence on the market, which will help reduce the deep in price correction. Price correction always comes and its inevitable, but the institutions involved in the system now, will do what is possible to reduce the lose side risk.