Things are not looking good and cmc is losing market cap of 100 million everyday. If this continues bitcoin will be back to 1000$ soon, then the real panic will start and people will sell their coins.
What if it reaches to the point of 0.1 or 0.01$? Will you buy it?
What will be future of alts if btc reaches 100$ or 10$? Will they vanish?
I think its not possible BTC will lose falls 1K$ because all people are members of the community want to price the market so as not to drop further,ALT does't mean anything without the BTC and this can also trigger price containment that can be stabilized by them I think again it will not be possible until 1K$.