$5000 is quite on the lower side and would indicate a serious drop in demand since it will break through several bottoms.
Main bottom is still what I believe to be ~$6000 that we marked back in February.
Main main MAIN bottom is ~$5600 that we marked last year.
Regardless of the price jumping up and down, long term speaking higher bottom development indicates growth, it's just that the upper (speculative) layer isn't really convincing, and it shouldn't be without anything interesting for people to jump on. In other words, the market is still going up, but not in the speculative way people like to see it go up.
My bottom development structure;
level 1 ~$5600
level 2 ~$6000
level 3 ~$6400
level 4 ~$7000 (in progress)
The gap between level 3 bottom and current price is ~$1400 so we have plenty of more room for downward force. It doesn't mean we will be going down that much, but we have some breathing room.