Today market is going down and in a single day 112B$ to 101B$ and still it is going down. Do you think it is getting ready to move up or it will go down further towards 5000$ or more. Track record of BTC shows that it is vrey un-predictive to predict about BTC.
Yes it is true that predicting bitcoin price movement is really hard, even indicators shows that bitcoin is going bullish when all of a sudden a drop in price happen. I do think that there is a slim chance for BTC to hit below $5k, and hoping this is just a dip before the rise. But this is cryptocurrency and anything can happen so I guess better be holding than shorting and buy when it goes lower. Remember BAKKT is just around the corner and many believes that it is one of the catalyst for the price to catapult.