Of course Bitcoin will survive this, and everything that is coming. This is only temporary set back if you ask me, because people that can not mine and use bitcoins anymore, they will find alternative way. People will always find alternative way of dealing with bitcoin. Because of that Bitcoin will always survive. Bitcoin is too powerful and too much loved by people all across the world, therefor it will not die so easily.
it is true bitcoin is loved by its users so it will make it very strong in the market will stay in the top, have a lot of trials hit the bitcoin but in fact after that bitcoin not become weak but the price so skyrocketed, that proof bitcoin can always survive in all circumstances