$5k?? is this a joke? When the 2017 bull run started did BTC ever go back to $300? Nope, it managed to make it to $1900 in its first correction, nowhere near $300 which would be about equivalent to BTC hitting $5k now.
It's unlikely to hit $25k again, let alone $5k. In fact it looks like $30k very well may have been the bottom of this correction (it could go lower but currently strongly bounced up to $34k) in which case sub-$30k price will likely never happen again.
$5k....lol
There is very low chance of price going low in a short, but we can't conclude on the market move. The changes can happen in any direction as the present. During the bull trend similar form of market move took place. Reaching the ath value the price started to fall. Everyone were with the talk, it is undergoing correction for next level of market push. Finally it was found as the crash. Hope the same won't happen this time.