Bitcoin prices have never been so low this year. Prices were down to 5,826.41$ (Jun 24 2018 16:04:00 UTC). Many advisers say that at the end of the year it will hit 30,000$. The market is seeing more than the fall from the price rise. Imagine when the speculation will end?
Right. ~ 5k8 is the most severe decline this year. Previously bitcoin was at ~ 6k5 at the end of March. But at the current position, it is possible to see that every move is more balanced. Can not determine at this time. But I suppose ~ 5k8 is the price at the bottom of the bitcoin before development.