It depends too much on different factors such as economic, social and political. But in this downing situation, i think it will take a long time to recover.
In the panic mood, a wrong decision is easy to happen. You may see the market and scared of down turning more and more. After that you may take selling decision without considering the real value of your coin. Try to control the panic feeling in trading.
If you think that Bitcoin will die in this difficult time of market, you just a short- term investors. Bitcoin aims to connect globally and digitalization all transaction in the world, ofcourse it will get difficulties in application and popularity its feature. But I think it will get a wide accesptance.