Probably this is the year of correction but mind you that bitcoin and other cryptocurrency would also had a great chance to have a good market price turn back. I do not see the system will not going to survive especially that money has gone through the system and many loving to have cryptocurrency.
The period from the point of fall till the pint of recovery is always the recovery period after the recessional period is finished. For cryptocurrency, it often lasts longer but the current stability in the value of Bitcoin is good enough and shows signals for revival.
Their is also some market manipulation happens for this year. Although the main effect was the bubble of last year's rally that collapse the price of bitcoin and this year is the correction to align the real value of bitcoin. Yet it's the best time to enter the market at lower price.