The more history Bitcoin has, the more I see the exact same price action as every other currency pair that exist. I strongly believe BTCUSD will reach the 4080 area before heading upward to new highs.
5000 is a very significant area of support. Price could very well bounce off of it and head up from there. Other areas it could reach are the .382 and .50 Fib as well. We'll just have to wait and see.