Yes, no doubt in a short time bitcoin will resume its upward trajectory, however I think that its behavior so erratic observed in January can lead to doubt to many who thought to invest in this year, so I do believe that bitcoin will recover in price, but not in credibility and that is why many investors are seriously thiniking of diversifying, which has led to bitcoin losing market presence and today it barely has a 35% marketcap.
What`s more interesting : did You see it had 32% BEFORE the bearish?!