The lowest low we have seen in the last 24 hours has been just over $6k . The market crawled back up, but slowly. The last surge up to $6500 was almost assuredly a pump n dump. Unfortunately, at least for this August, the whales are the only ones who matter in their trading. Everyone else is merely swimming in their wake.
For today and tomorrow, I'd expect another PnD. Whether it starts today or tomorrow, IDK. If possible, whether you have time to do so/have alerts set or you have a bot, I'd surf the wave and then hop off. It's worked moderately well for me, but I use some basic bots I've written for poloniex. If you are an active trader, then make sure to diversify your strategy. Any single one can be 'ruined' by a whale.
I still expect a $5k by September 1st, but the goal is to increase the total amount of BTC for when it takes off, not increase the total dollar amount right now.