It is most likely going to bounce back up again after the news from China gets confirmed as false rumours. However whether or not we will see such crazy growths as depicted in the chart is another matter.

Personally i don't think that we are going to see an ATH that is higher than $7k. Just because we are most likely already very close to the peak of the bubble, and this bubble may burst at any given moment.

However i do think that we will at least breach $5000, perhaps even $5500, before a potential price adjustment.