$4400 was an important Fibonacci target for Bitcoin price. Yes, the next Fibonacci extension is $7000. However it is way more probable that $5000 was the top for this cycle and we are in the dead cat bounce right now. Veterans are moving into cash because one day probably not far off some news event will cause a 50% crash in bitcoin price overnight. And price will not recover but keep going down. I want to see higher Bitcoin prices as much as anyone else but we are very late in this bull cycle and inevitably we will enter a bear phase lasting at least a year that could see price drop 50% to 75%. Before you take out a second mortgage to buy Bitcoin ask yourself if you can handle holding through a bear market.