A price of $3800 seems unlikely, but we should be prepared for the unexpected. It could happen but I try to see that as a buying opportunity. And I believe that we will see another big bull run starting next year.
A price that low will surely be unexpected and very improbable as well, as we know from watching the charts bitcoin has a very clear tendency to generate new higher lows, this basically means that after the bull market and the crash that inevitably follows the lowest point that bitcoin reaches is always higher than the previous one, the previous low was around 3000 and while a price of 3800 is higher than that it doesn't seem as high as what we have seen in the past.