In my opinion, the BTC is the same as the commodity and gold.
If a lot of people buy BTC I think BTC price can go up!
Any market is about supply and demand! That's the rule!
That is indeed true and now that investors are afraid of putting their money into bitcoins, Its going to be a while before the price can fully recover but the good thing is that the dumping has stopped for the time being which is very good.