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?
No one can tell when bitcoin will return on its glory days, even if bitcoin price will decrease until $3000, there is no assurance or no one can guarantee us that bitcoin will recover after that. As of the moment, we already experience long time stable amount of bitcoin, maybe because no big investors are getting interested again with bitcoin.