Many reason pointed out in the article to believe in the future of Bitcoin :
https://www.cnbc.com/2018/05/26/bitcoin-still-a-buy-says-blockchain-venture-capitalist.htmlAlso a good statement about ethereum and its relation to ICOs:
"Bogart said he's especially cautious with ethereum, which he said has a lot of overhang because so many initial coin offerings (ICOs) have been built on top of ethereum. He pointed out that if the ICOs don't work out, that could be bad news for the platform its built on. "
It's all just opinions, so my is that it will hit 20k, and I am coming back to this post to say I was right lol.
Since it can go down this low I believe it will go up again. This market is a cycle just like the forest market. Bitcoin will one day get to $20,000 or $19,000 that we have see is the highest and by then those that were able to buy and hold for long will take a good profits. Though it takes a very strong mind and heart to hold.