It's always good to keep these possibilities in mind. I'm not too sure about $3550 but BTC could go lower. The bright side is that alt-coins are starting to resist the bear market. during the last few days we had some green coins in the Top 200. It's a good sign. I'd be especially glad if people get more and more into alt-coins making them less correlated with BTC.
Percentage of Total Market Capitalization (Dominance) chart at https://coinmarketcap.com/charts/ seem nice to me.
I think it's best to keep an eye on the total market cap of cryptos. Although BTC is declining, the Alts are pushing back and keeping the cap ~250billion.
Maybe BTC dies and something else takes its place? could be interesting to say the least - at least to have alts break away from the BTC price lock.
I've been screaming this since August last year. Best candidate at the moment is Dash. Do your own research at https://www.dashforcenews.com and https://www.dash.org/evolution/
As long as BTC does not fall under 1275$ (MOB), it will shoot up to at least 100k within the next two years. My personal estimate is way higher than that ;-) Keep that in mind.
That's over $1.7 Trillion marketcap. It's totally possible but it will be overvalued.Most of that money would eventually pour into alt-coins IMO.