Bitcoin recover their position and have chance to come back again but of course we also can't ignore halving because this will become the next problem.
How would halving become a problem?
I think majority of us are thinking halving is good as it will result to the increase of bitcoin's price.
The fact is that almost every cryptocurrency user expects the next halving, because they are confident that this event will bring improvements to the cryptocurrency market. At least halving, 2013 and 2016 showed very good results, and I think this year will be the same situation.
I assume that problem can be with mining bitcoin, maybe some miners can shut down their mining rigs because of the rising difficulty, some will have to upgrade their miners if they wish to mine with the same speed, who knows what he really thinks when he say that we can expect problems with next halving, but miners are vulnerable group in that period for sure.
I think that this is not some special drop, normal volatility in crypto with sudden spikes and dips, and I am sure that this entire year will be the same. Bull runs and recovering previous ath prices can come only next year in my opinion.