I think it will take a while before bitcion stabilizes on double figures. I am not good at crypto prediction, but it is my honest opinion that it may take us to around July this years to hit above 15K.  I like to be optmistic, and to tell myself that the value will rise sooner than later, but i am also not blind to the fact that the current drop is the second in just about two months. So it is a really unpredictable time.

Both!

Ask yourself how likely it is that new demand will enter the picture - whether that be from individuals in developing nations as is often possited as a growth driver, or the potential for 'institutional money'. If you think there will be buyers to outstrip suppy then the price will increase. If not.....

Institutions, regulations and the right mix between FUD and measured encouragement have hypnotized the sheeple (you, me) into a sedate investment pattern. Price these days isn't really that volatile anymore, the rises and falls get determined by bots.
There will be regular-surprising dips to make the chickens panic and take their money, but on the whole we will be watching a slow ascent towards 20k in late May/early June and about 30 in October, maybe 35 at Christmas. If you want to earn money fast, try alts or day-trade. otherwise hodl.

Business insiders have opined that in their opinion, the crypto market has been successfully defused. Dumb money (millions of inexperienced little investors, most smartphone users from third world countries) have learned that it's not them who are making the market, it's them who pay.
With charts going down or sideways very frequently, that is two thirds of the time, little investors are bound to lose, so their interest is waning.

They are now mass-withdrawing from the market, understanding that "get rich quick" is no longer an option.
Skyrocketing cryptos will be a rare high-risk exception, and only insiders to a pump can profit from them.
Therefore, little investors will be either sending their money back to their bank accounts, where it can have real-life use, or trying to play the forex markets.

Crypto, from now on, will be in the hands of the very people it was designed to ward off : the money industry.
If you watch the crypto charts with hindsight these days, you cannot overlook that the regular, mechanical action there is mostly being caused by the market makers' trading bots, with occasional pumps and dumps to shoot off stop losses and sell orders of the remaining, clueless human operators.

Deal with it or keep listening to the massive steemit prophets, and quit your job as it will be a 24/7 affair.

Down, here's why:

https://steemit.com/bitcoin/@waygreenergrass/bitcoin-price-trend-analysis-possible-support-targets