While this should probably go to speculation, it really depends and there are a lot of factors that affect the market. The last time we experienced a dip like this (somewhere close to just over a week ago if I'm remembering correctly)  it did recover to about $1.1k, I don't remember if it went back to $1.2k in that upswing.

In other words, there's nothing to really determine what's expected beyond listening to news and so.

Also, $1.2k was never "normal". It was a consistent value for a month and some, but that is one of the most abnormal prices we've experienced.