Tone Vays is the best public trader in the space bar none. I have huge respect for not only his technical expertise, but what he does for the BTC space.
As of right now, he believes new lows are the most probable route, and that this recent up move is a bull trap. Only time will tell, but I thought I'd counter trade him. As long as we stay above 4950 for the next week or so, I believe BTC could surprise everyone and get to 12k by December. If I had to guess, the majority of people didn't buy sub 4k, and most people didn't even buy sub 5k.
BTC enjoys seeing the suffering both on the way down AND on the way up.