I think that we could bounce back to 3600. According to my technical analysis we could see a rebound from current levels (3400), may be up to 3600 and then it will go down again due to strong resistance at that price. That is the short term. On the medium term we could be completing Elliot Wave 4 which means that only Wave 5 left before a long term bear market starts which with Fibonacci analysis takes us down to 1800.

Here is my technical analysis
https://steemit.com/bitcoin/@freedomvigilante/is-bitcoin-going-to-recover-from-this-crash-technical-analysis-with-ledger-levels-fibo-and-elliot-wave