Probably no. This year, although worse than the previous one, but the market is slowly recovering and soon the price will again rise.
I believe that the cryptocurrency market will not totally red this year but generally bearish ibstead. There some weeks that the market is in uptrend but it is mostly down in mang weeks. There is still no assurance if the cryptocurrencies will stage a strong recovery next month because the factors that make a price to go up is still not there.