Theres no really need to have faith because it will surely rise up on the future. Reaching 1k price is possible though but not the same on the previous years which it went up on that price and sudden dumps and for now its not like the case because bitcoins price do have a good support and resistance we cant see anything like what happen before. It may rise but not in a forced or hard way.It will be gradually.
We have support? Based on what, if I may ask? In last six month (i.e., after announcing Segwit) nothing new fundamentally important has been put on the development side. That means that all the support we have right now, is similar to the one at the halving pump. I will remind you, we even reached $800 to go down $500 shortly after. I wouldn't be very surprised if the story repeats soon, as the correction is due.
500 would be a great buy in for a lot of people who missed it the last time, if 500 is visited again it wont be for long..... But realistically 600 is probably gone too....