I still think that bitcoin is currently trying to follow the following model, with a few changes (in values):
I've got a feeling that bitcoin is in the mood of making alts super-rekt and getting an increase in overall market dominance, by first dumping again (to somewhat like ~$4400) and then pumping again (to somewhat like ~$5100).
...and yes, I'm still waiting for this order to fill up, hopefully (or maybe pessimistically?), any hour now:
Next 6 hours are critical. Bears are constantly trying to break the ~$5000 support, and I've got a bad feeling that they'll succeed in the current 6-hour candle.