The initial drop was correct, but I believe US Market Uncertainty pushed BTC to fall towards its 200d ema. If BTC climbs above 53k, I think we could see new ATH.
But that also depends on US Debt Ceiling at the moment.
My Prediction: US waits until last minute to raise debt ceiling. Equities and crypto will see another pull back before Oct. 18. Then big push up on both as Debt Ceiling gets raised.