Can BCH reach $5,000?

Could you please elaborate on the potential for Bitcoin Cash (BCH) to reach a value of $5,000? What factors might contribute to such a significant increase in its market capitalization? Are there any historical precedents or comparable instances in the cryptocurrency market that could provide insights into this possibility? Additionally, what challenges or obstacles might BCH face in achieving this milestone? Finally, how does the current market sentiment and technical indicators align with this potential scenario?