If you look at the current Bitcoin price development, you can say that it does not look very optimistic. But from the long-term possession of bitcoin, the situation is mostly changing. Whoever owns bitcoin today can celebrate his decision in the future.
Because the price may exceed its historical maximum. I agree with the view to hold this cryptocurrency because of exceeding the $ 7500 value in the near future.
No one knows for certain when will bitcoin recover. In a short term view, it may move upward gradually but it is also a possibility that it will fall down more. But without a blind optimism, I'm quite certain that in the long term, it will finally recover.
You are correct mate, no one knows what will happen to bitcoin in the long run but let us just be optimistic that everything is alright and things will be back to normal wherein bitcoin's price will recover very soon.