Can BTC go down to <$5k again now?
I dont think so. I dont believe can go below $10 ever again. Most likely it will also stay above $20k. Or at least if will somehow fall below $20k it will retrace back extremely fast. Impossible to buy unless you will have buy orders set at that price.
This week we have a huge 17.4 % drop one of the highest this month the last high one was 18% but Bitcoin eventually recover it could go either way this week, it could go down to $25k or bounce back and show strength and recover it's previous losses, let's see how this weekend plays out there should be a rally to happen right now.