At some point it will be back up to $30 again, but it'll take at least a year.
We're definitely taking the route of a slow recovery. It will be based more on actual achievements and growth of Bitcoin as a currency, another hype bubble is not going to happen. Hype based on achievements possibly, but at the moment there's nothing to build that hype on.
It's actually good for Bitcoin in some ways that we are seeing a change of hands. The price will finally stabilize at least in the sense that the continuous series of new lows will end. This is very important. A currency that only goes down and predictably down, is not very good. Especially if it goes significantly down.
This will change and I think that the $1.5 - $2.5 level is very critical. It's not a question of "will it hold", fact is Bitcoin economy is only worth around 1 to 4 million USD at dollar parity based on the actual amount of Bitcoins being traded, and that is clearly an undervalued number. A very large majority will agree with this.
It's obviously possible that the price will be pushed even below that range temporarily but it will be only a spike. Anyone smart enough understands Bitcoin is worth more than 1-4 million dollars which is what its worth at dollar parity.