I don't call myself an expert but I think I can read charts a bit accurately and what I have found is that the uptrend is still not confirmed. We might have broken the previous lower high but still bears are in the control of the market. We might see a couple of 7k before we bounce back above 10k. Moreover whales still control the market so any whale can dump his holding and we can see a market crash. Even the MT GOX fever is not over until now so I think we have to wait for sometime before market recovers.
I also observed that for the past few day, that's why the price in the marketplace really in a bearish situation. The whales still controlled the situation and we couldn't stop them of doing that, but the only ways is to ride on how they think and keep their strategies at ease. We should stay calm and never lose grip no matter what it takes on bitcoin price and I believed that after $7K or $10K bounce back we'll be able to see $20K or more on bitcoin value so everybody earns their profit gains.