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 see this as just an assumption. Why say BTC is dead? BTC already have a wide coverage and scope in terms of usage and if you talk about the BTC acceptance, there are countries that already have a regulation for BTC(e.g Japan). Have more research about Bitcoin. Do not fully rely on it's value today as a lot of consideration is happening that causes the BTC price goes up and eventually down. If you can see the movement of BTC, it is about to kickass this mid year based on charting presented by professional traders(BTW, I'm not one of them).