Would it recover ?
Yes, it will recover we'll see on how bitcoin will endure this incident. I have a feeling that there are whales who are waiting for this dip and will suddenly enter and buy thousands of bitcoins as their holdings.
It's really a mess to us who are holding for long term when we are seeing on how the market is moving downwards but there will be good things to happen.
I don't know what's on the mind of their Prime Minister and he did suddenly gave his statement that he wants to put trading of cryptocurrencies into an end.
EDIT: I saw this a while ago on twitter -
https://twitter.com/cryptomanran/status/951313361299542016