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 hope not.
Another wave of FUD's will happen if that happens and worse case is higher percentage of bitcoin holders could panic that history might repeat itself.
The strong hands will be left and I know that. Hodlers will stay.
But everything can be pulled down even with the smallest amount holder. With addition of FUD and false predictions it could end up getting lower than that.