When prices are falling, everyone panics and fears the end. When prices are rising, people celebrate and think the party will never stop. BTC will recover and likely overtake it's high, but who knows when. I would imagine this year we would see new all time highs.
This is one of the things that surprises me the most by the community, when everything is right and bitcoin is going up people are extremely hopeful about the future of bitcoin but as soon as we get a setback and the price begins to go down people become pretty negative, while I do as much experience in investing as people here in the forum this is something that I have never seen in any other market.