Yes you are right, Bitcoin is not dead, it is merely in a correction phase since last 7 months. At the moment, patience is an only solution. last year Bitcoin price was circulating around 2500 USD and today it is nearly 6800 USD.
Approximate mining cost for 01 Bitcoin is around 6200 USD and it has always stayed 300% above its mining cost. so its a BUY call from my side for Cryptocurrency.