i think bitcoin and other altcoins will recover we just need to wait ,bitcoin is currently sitting strong in the market, despite what he suffers (governement , hacks exhcanges )
Yes bitcoin as well as altcoin will recover (it's a know fact that the performance of altcoin is dependent on the performance of bitcoin), In last few days we can see bitcoin is gradually recovering it's lost value and moreover it's time for bull run in upcoming months.
I also think like you before the Bitcoin price increases are often the period of price reduction several times to prepare to change upcoming soon. Bitcoin went down in the months. But i that believe that Bitcoin will increase again and be more terrible. What will be will be.