I have only been involved with BTC since April. In those short few months one thing I have learned about BTC is that "time" is not an issue when it comes to BTC. It can move up or down very quickly in a relatively short time period! So "it's going to take some time to reverse" I guess if you are thinking about hours instead of days, months or years!
Then perhaps it's time to look at a long time chart to remove some of that bubble period bias. It took 1.5 years to go above 32 again. It took 1 year to go above 10 again, briefly.