BTC may not recover, but instead money will flow back to the superior, original bitcoin, Bitcoin Cash. Buy bitcoins now for under $400 again! Watch for the BCC related conference coming up this week. Huge things ahead! Don't be in the dark on these developments!
I kind of agree with the first part of your assumption that bitcoin may not recover but I don't think bitcoin cash will be the alternative. There are many other superior cryptos like IOTA out there for investors.