I don't think many alts would recover against Bitcoin if this happens and so they will crash even more. Some solid alts with good liquidity like Litecoin may recover but most won't recover in my opinion. Thoughts?

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Bitcoin at $5000 is going to produce a purge, those altcoins that are just pump and dumps and altcoins that are duplicate of existing projects and altcoins that are not good in marketing their coin and updating their community will suffer if Bitcoin drops back to $5000.
The one thing that keeps these altcoins from being purge from the market, is because Bitcoin is still going up, the trust is still there and they partake of these trust from investors.