I think yes and the 5,000$ price of bitcoin that i witnessed this year is exactly the bottom/dip of bitcoin's price. I actually bought some major alt coins during that time because the price of alt coins are also down. If bitcoin will fall down again anytime soon, i think it will not go below 5,000$ anymore.
That's the bottom for this year and it never went low from that point. Why you only bought alts? its wise to buy bitcoin while its also cheap. It made the alts follow its path so most of the alts are low too.
As long as it sits now @ $6,500 its unlikely for us to see it lower than $5,000.