You have to bear in mind that bitcoin now is all gambling. Ask yourself what your chances are against shrewd professional gamblers. The prices before they started to pump up the market was $600. Those very rich funds know how to acquire things at lows and then push them up sky-high - as with the current $7500 peak.

The lows they acquired their large holdings may be around $1000. At any price above $1000, they make a profit. So the actual bottom may well be below $5000.