Of course BTC will recover. It always has, even from bigger percentage losses than recent.
Yes, countries are looking at regulations, or even threatening an outright ban, but that's ok. It only means they see the decentralized nature of the currency as threat, which they shouldn't, but you can not hold it against for seeing it as such.

Cryptocurrencies are a volatile market because of this. Believe in the technology. Faith will carry you through the darkness.