IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.
IMO too, bitcoin will not go down as low as to 5000$ or below, even though BTC is having a hard time to pump again it is not that weak to be dip that low. We all know that bitcoin has the potential to increase its price just wait for the right time. Even though the world adopts slowly to crypto at least we are still adopting to it.