1) We trade sideways for the next few months, bouncing around the 6-8K range.
2) We have one last convulsive move downwards, breaching the 5K level, maybe down to 3-4K.
I'm thinking #2 is more likely, and in the end might be the best thing as it will tend to clear out the "dead wood" investors (the ATH, low-information types who bought into the market around November-December without knowing what Bitcoin was).

#1 would be fine too, but I think it would mean a sideways market for considerably longer.