Bitcoin is not dead. It will become dead if nobody use it,patronized it and continue to earn on it. Just look bitcoin price still high even it drop down. And the value of bitcoin is different from other cryptocurrency,it will not end in just one click.The higher fees and low transaction now is just a cause of hollidays. Most of the people are in rush even in selling their bitcoin that really affect the bitcoin market but i think there is no reason to worry about.
True, if bitcoin is dead then no one of my friends are spending their time for bitcoin. There are people who make their self uneasy. And as I observed many people are interested to invest in bitcoin so bitcoin is far to be dead.