IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.
I don't think so. Now that the price of bitcoin has stopped falling, I think it will soon start to return to normal. We don't have to worry about bitcoin dying. Now that the entire encryption market is falling, what we can do is continue to wait.