I think it is just a temporary thing for now. I do not think the price could stay like this for a long time. The reason I believe its temporary is the amount of sellers in the market right now, it is not as much as it used to be and the amount gets lower and lower everyday.

This hash war thing that happened and caused all this drop is almost over now and I do not think they are selling anymore, which means they will not be here to keep the price low when it goes back up. Plus the miners at bitmain will start to realize they can now start selling their mined profits a lot higher and they will remove their sell orders as well.

All that combined equals to people who would like to buy bitcoin at these prices but people who are not willing to sell at these prices which will make the price go up very soon. Probably by next week.