I don't see $4k or $5k being ruled out personally, even $3k. When Bitcoin doubled from $6k to $12k last year people believed we would never see $6k again, but in the end we obviously saw much lower than this. I think the whales will be the ones to push the price back down to support levels, they aren't the ones fomoing at the moment I don't believe, that would be the retail investors, whales are taking profits right now imo, as they bought low to sell high.
Just because panic selling below $6k was unnecessary, it doesn't justify buying above $6k right now in my opinion. Buy low, sell high.