Peak - 16 Dec: 20.000$
Dip - 30 Dec: 12.600$
Peak - 6 Jan: 17.100$
Dip - 5 Feb: 6.900$
Peak - 4 Mar: 11.500$
Dip - 7 Apr: 6.600$
Peak - 5 May: 9.800$
Dip - 28 Jun: 5.800$
Peak - 24 Jul: 8.400$
Now we are at 6.200 going down to the next even deeper dip
This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral
I think bitcoin will not die slowly ... but right now the condition is worsening ... so I still believe that bitcoin will continue ... we will first see how the development of bitcoin will be, don't be easily affected by things that haven't happened this time.
Yes Bitcoin will be the way to get more higher profit then people will using it for long period of time so it will not die at a time you cannot be say this will happen in the future it may change also but if it definitely be positive the value become grow again and again like the previous peak value.