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.
I think that we're actually rock bottom now, in terms of price levels. After the recent pump, up to $7.450, the price has crashed again to $6.600-6800 and it's been stable since then. If you have a look back at the other dips that happened throughout the month, you'll see that none of them dropped any further than that.