We are in the last stage of this downtrend. This dip is last dip. then we should see a nice rally. Minimum target in this case is 12000 USD.
However we dont know where the bottom is, I'm sure that this bottom will never touched again in future.
So obviously Bitcoin didn't die, We are in a healthy stage that every market should be after that parabolic pump back in 2017. and the good news is this is final stage. If you dont believe me just see 2014 chart of Bitcoin , chart will say you everything you just heard.