That's been the price of bitcoin almost the entire year now but looking back at the graph on how its market cap and price responded each year, it will always give you a reason to keep on believing that bitcoin will really rise again. Since we are already in the final quarter of the year, i believe that we can see a bullish market once again.
It seems a lot of people have the very same hope that the price of bitcoin is somehow going to recover at the end of this year, I'm not against it because that will mean that I will recover some of the money that I lost, but I find this to be very unlikely, I really think that is going to take years for recovery to happen and even if the price at the end of the year began to make some kind of recovery it is not going to last, because there are many people that are waiting for a small recovery to happen to begin selling their coins.
So even if a recovery were to happen it is going to be short lived and since I am invested in bitcoin for the long term I really do not care about those small corrections, I want to see a bull market and that is not going to happen at the end of this year.