I don't think we would go beyond $5,000 except the mtgox trustee sell in huge number they holding! The supplies is drying up as those that buy in December, January, February and have refused to sell because their are expecting the price to recover and if possible make profit from their purchase.
Im stands into bitcoin can slowly recover this time but as the usual happen the unstable market is always here. Yes I think more needed to buy some bitcoin. More are actually expecting the price to recover however, it will not going further to $5k.
of course a very pleasant situation on the market, that Bitcoin does not fall below 6000 dollars. I watched that it reaches the mark of 7000 dollars, but something keeps it and does not let it go higher. I hope that this growth trend will continue and we will soon see a good flight.
Selling pressure keeps Bitcoin from rising any further than somewhat above $7000. I don't believe that Bitcoin will go down substantially below $6000 but if things keep going this direction, the prices will likely continue to plummet in the coming weeks. With Bitcoin in particular and crypto in general there is no middle ground. It can't stay long at a certain price. If it fails to rise, then it will go down. It is kind of a given.