This is why we say that the Bitcoin prices can never be predicted. Here the user had predicted $5,000 by next month. But the price went up from $3,800 per coin to $5,200 in less than a week's time. As of now, the indications are that a strong support level has been formed at 5K. It won't be that easy for the bears to drag Bitcoin below this level.

Still, we need to worry about the long-term sustainability. The daily trade volumes remain low, and there is still no positive reaction from the SEC.