At which price do you think bitcoin will not be able to recover from? There is strong support at $3500 but is now at risk of being breached.
Is $3000 the low point after which there is limited chances of it returning to the glory days?
There is no point from which Bitcoin cannot recover. No matter what levels it falls to, there is the possibility that there will be a bull run in the future. That doesn't mean that it will reach an all time high again, but there is always the possibility of a bull run, and significant increases in value.
Compared to historical values, $3000 is still 'glory days'.