People are saying BTC will correct by maybe 25-30% if it reaches $10k and citing the last 2 corrections as reasons. Weren't those last 2 major corrections because of the China ban and also the fork cancellation? Yet people are using these as graph trends to analyse the future and saying another correction will now happen.
that kind of drop has never been a correction, all these marks on the charts aren't corrections either, they started as a correction then some FUD caused panic which led to a bigger drop like that.
for 30% drop to be repeated, it needs to have the same FUD. we can't tell what it can be in the future. maybe another Chinese drama, or maybe another country this time. or even possibly another big exchange getting hacked.
Is there an actual reason why BTC will drop once it hits $10k other than the fact that everyone is saying it will happen?
there will be a correction, because that is how the market works. after a big rise people want to cash out their profit, traders want to get their money out, and these cause a drop. but it is not big. the circumstances always decide how big the correction is going to be.