Yes, hopefully. What happen now is not far or quite like what happen last year. Before the market turns to green and make a bull run that reach the all time high value for bitcoin and other altcoins. So hopefully this year will be like what happen last year before year ends.
If tracing it back from the last year's movement then you are right mate, the market will run back before the year ends it's just another test for holders and believers to buy more coins and wait till the market turned into bull again, the recovering part will take place when only few of those weak holders expect it to happen.
I am sure that those guys that use this Forum and leave their posts are absolutely sure that the market will certainly recover. It will not happen soon - we need to wait for the winter time. I believe in the crypto rise.