Well, we know Bitcoin has had a 97% correction in 2011, before the price rose by 100x two years later in 2013, so it's best not to panic! We are nearing the 87.5% correction level that would be the equivalent of the 2014 bear market, which could lead the price to $2,500.
For me, even if the prices did drop below $600 for the worst correction in Bitcoin's history, I'd still focus on the fundamentals over the charts. For some this volubility may be unbelievable to see, but it's part of Bitcoin's historic cycles of rises and falls. Parabolic highs also creates parabolic lows.