It all depends on what happens with the SEC's decision on Bitcoin ETF's in America, because this will be a huge boost for a recovery. It will not be the end of Bitcoin, if this is not approved, but it will slow down the recovery, if it is not approved.
The global economy will also have a influence on Bitcoin investments and all signs are indicating that the Stock markets are struggling and that a correction is also imminent on most Stock markets.
It is a 50/50 chance at the moment.