I think it's still very much possible to get to the $5K area, around $5.5K maybe. Less likely now we are above $8K, but still entirely possible (while remaining long-term bullish).
We are out of the downwarding channel in the monthly. To reach the $5k area, we would have to break back in to the channel and move all the way down to the bottom of it, and that we have to do in the halving pregnant headline area. Won't happen.
I really hope you're not betting significant money on this $5k idea.
We can see that there are positive moods on the market, but let's not forget that whales do not look at it. If someone with a very big wallet wants to lower the price, then with such low market capitalization, he will easily do it. Also, I don't think we will ever see $5k again, but in my opinion big price drops are still possible.
