I wish I can look into the future and give an accurate answer to questions like this. But to answer, nobody really knows how everything will play out. We may be looking at a long term bear market and the end may still be a long way, or the events in the previous weeks is indicative of a market correction and we're at the bottom of an imminent climb which will see us break past $11,600. It's anyone's guest and anyone telling you otherwise is the slickest of the slickest snake oil sellers out there.

One thing is sure though, bitcoin has been increasing in value year on year, so if you are looking at it long term, there is still a lot to gain.