Bitcoin's price is definitely on the low for now. Will the price ever bounce back and hit $3000? I don't know. The determinance of the price will be on 21st of July where bitcoin will officially adopt segwit2x . If it shows a negative effect on the 21JULY . Not only the price of btc will fall , but most altcoins too as the majority of them uses Bitcoin as a medium of transfer. However ,larger altcoins like litecoin,ethereum will rise and gain more popularity IF the price of bitcoin plunge after SEGWIT2x implementation . In the long run , i truly think that the value of bitcoin will rise even further as more and more people are entering the crypto-market.
Thank you for your time , in my next blog , i will be talking about my favorite altcoins and which one has the potential to boom in the future. It will be solely based on my knowledge ( research that i have done). Please make your own judgement and do not fully take my advice into consideration as i m no expert.