Looks most likely by now that we'll make a bounce at $9k halfway through june and then a bounce in the lower $7k area somewhere in july... but then its close to summer vacation time so its anyone's guess what happens then. I do think that ultimately a crisis of confidence in fiat currencies, most likely in the Eurozone, is what MAY make people run to BTC as a hedge. A crisis in the Eurozone may be building up with Italy's populist government now forming. If people flock to BTC then the 1:1 fib extension at $25k is coming into play.
BTC has been attacked by traditional financial institutions so if those fail to hold up to their implicit promise, BTC is bound to profit.