Yes and looking at its history on graphs it will return down to about 700ish, than repeating the cycle upwards again .....
Don't forget last year bitcoin was something around 1k at one point and dropped to 300-400 ( Don't remember the exact numbers and time frame, but it happened )
I will keep repeating the cycle. Now more people start talking about cryptocurrency and start investing too. Steemit.com will help in long way.