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?
3000 is a pretty decent price
Let's not forget that a little over a couple years ago Bitcoin's price was way below 1000 (and in 2015 it fell below 200 dollars). Anyway, this is not a matter of price as such. For example, if Satoshi (or whoever lays hands on the private keys from his wallets) dumps his 1M stash of bitcoins in the open market, the price will likely crash into single digits. But will it hurt Bitcoin beyond the point of no return? Obviously, not. So it all depends on the factors which will lead to such price crashes, not on the crashes themselves