I don't think it will be that low ($5k), even though in 2023 there will be a price drop again I'm sure the bitcoin price won't be far from the current price (it won't touch $10k). I believe 2024 will be the year of the next phase of the bull market, in other words in 2023 the price will gradually recover as many investors start buying crypto in preparation for the 2024 bull market.
How can you see the data of investors who started buying crypto in preparation for the 2024 bull market? Because I haven't seen this in the market right now. And if it does happen, I will wait gradually to see an increase in the price of all cryptos or at least the cryptos that are often bought by many people this year. Because people like big investors love different cryptos even though they won't see a new crypto that ranks so far from the top ten.
Accumulation is when there is less trading but more wallets with bitcoins. It means traders may end up dropping the price, because there are more sellers, but the buyers are not there to trade it, but to keep a hold of it. That means there is an accumulation and I think thats not really that bad of an idea, it is definitely a good thing for us.
It means there are many people who trust that the price will go up, and I believe that too. It is not going to be tomorrow or something, it will definitely take some time but it will be a great thing when it happens. This is why it is important to keep following the market and see what others are doing to have an idea about the future.