If this is the beginning of the journey to $20000, it will last a very long time, because I think we have no chance for a new ATH in 2019. After such a difficult period, we need several months of stabilization so that investors return with fresh money.
There is no way we will touch the all time valuation this year but we will see the recovery process by August and that is what i am looking forward to, but i do have a doubt whether the market will go down from this situation before the recovery process, i saw some predictions calling for sub $3k before the market recovers for the next rally and with the halving coming up i expect the price to climb gradually before the explosion possibly next year or by 2021, either way i am bullish in the long term.