THIS IS NOT FINANCIAL ADVICE.
Having said that, both are highly possible but I think a move down towards $5000 is more likely as Bitcoin's curve is flattening. As you can see in the log chart above, Bitcoin is currently pushing towards a major resistance. This resistance can break above $11,000 and if it does, I will still be expecting a pull back to $8800 ish before price continues to go higher. I will be waiting to see how things unfold in the following days. If we break above $10,000, I will wait for $8800 ish for entry into the next bull run and if we break $8000, I will look into getting back into the market somewhere between $3000-$7000. What do you think? Let me know below!