Since lot of people are in Panic they will start to sell their BTC with loss , Market will be red more than ever before,
So this is how It work:When BTC 2.9K$ Panic will be started, Downtrend will be slowly started too. Price will be dropped to 2.5K$ - 2K$ than Next wave of Panic will be started and price will be fallen to 1K$ and it will stable at 800$.
Your prediction about the price of bitcoin is possible to happen but at this moment we do not see any thing that can bring any down price on bitcoin. I still hoping that your prediction about the price will not happen simply because many people might lose their interest and they might not believe in the future of bitcoin.