We went up to almost $6800 yesterday and have pulled back a bit. We may be at the end of the August doldrums. Some caution is still warranted as we have seen a couple breakouts only to come crashing down. This August has been one for study, that's for sure.
So long as we are not going to see a whale tail slap, we're likely to never see the $5000/btc.
However, the whales rule. The mackerel school. And the minnows are often fools.
Good luck.