Yeah I think altcoin will make this downtrend end. It all now lies in the hand of alts to save the failing reputation of bitcoin. Some of the investors are now calling a quit.
Alts are probably the cause of this rout. If a (plagarised) white paper and some PR spin can top a 10 billion dollar market cap that tells me the money entering has completely lost its mind. If Ripple, a system that is over a decade old and it still 100% useless, can top 100 billion then anyone not thinking it's a bubble is a silly sausage.
My vote is for the $4-5000 range.