Either one of these is very probable, with the influx of new investors.

It is probable to see another dip toward $7,500 due to the "panic" and media coverage. However, it is also very probable that BTC is going to meet it's $20,000 if not $25,000 target soon too. If you see trend lines (visiting TradingView or Coinigy), the patterns signify that BTC will indeed bounce toward that range.