I agree. I think its price would still down but its not to much anymore.
After "Chinese new year" that may has a good news.
The price of bitcoin in the market will recover soon and place to its original position. It will not longer to dumps. Wait patiently and do not lose hope that it could be dead. Due to some occasion where there are people that willing to sell even at low price, the price still dumps which is the chance of everybody to buy now and hold until it recovers itself.