Not looking good for the 30k support. Hashrate keeps droping and we do not know when it will recover. Volatility could (and likely will) go over the roof if it is broken.
At least if the hash rate doesn't come back online difficulty will once again adjust and everything will be ok with the world again; the beauty of bitcoin in how it was structured.
That being said I'm sure the hash rate will come online again, too much money spent on the miners themselves to just stop, I'm sure they're getting relocated to other parts of the world
Of course they will come back online again. Do people think these chinese miners are just going to throw the equipment in the bin. At the very least they will sell it.