Can bitcoin hit below sub 5000?

Updated
It is now at a spot where it can rebound from the support level or breakdown from here.

Low can get lower so I am just waiting out to see which way the tide turns before making any decision. NOTE : the daily movement can be volatile so be prepared to ride out the rough ride if you want to participate. For peaceful sleep at night, avoid this. It is not a DO or DIE situation where you are at knifepoint to buy or sell.
Note
Now we can see a double bottom has formed here , a possible trend reversal.

We are initiating a small buying position.
BTCUSDChart PatternsTrend Analysis

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