if bitcoin keeps having these type of "corrections" i don't see how it ever is going to reach $1 million. or even $100,000.
Do not forget that in every correction Bitcoin always positions itself to another rally despite the possibility of going a bit lower. This is the beauty of a highly volatile market and high speculative investment especially when it has high liquidity.
The high volatility of Bitcoin gives windows for reaccumulation and at the same time taking profit. This cycle keeps the hype of the market stronger and give holders a sense of trust on the ability of the market to rebound.
That said this type of correction gives new and old investors to put more funds into the market giving the market more solid liquidity and making the market gain more trust and eventually create a speculative of possible higher ATH speculation.