We're either oversold and already broke the bottom, which should mean a fairly swift return back to $6000. Or we haven't reached the bottom yet which will likely mean a push down to $3000 or lower. I believe that the second is more likely true given how little push back there has been with the price, there seems to be little in terms of buying volume to move the price upwards.
I really hope that is not the case, the price going down even further will be probably the breaking point of many investors, while many will be happy with those investors leaving the market that will decrease the adoption and it is likely that someone that has lost so much money with cryptocurrencies will prefer to not invest again in them, so the small recovery we are seeing even if it is not much gives those investors at little bit of more calm and they could decide to keep holding.