The current price isn´t bad for investors just now, especially after that abrupt drop in the price, it's very likely that the price remains above $5k for a couple of months maybe, so without a doubt it's a good sign of recovery in the price.
Either way, the price could go both directions within this month and that'll indicates whether the bull is already present in the market or not yet. Becuase, what happened with the price lately seems not just a dead cat bounce, or some manipulation. Also, I guess this would never lead to a bull trap either, since we stabilized at $5k for like almost 3 days now.