IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.
Bitcoins will not go down to $5k dollar because there are still a lot of people who are keep on holding their coins more than selling it due to the price in the market that keeps on decreasing today so do not worry about the price that is decreasing because soon it will still recover.