Where is the bottom for BTC price? 6K or 5K even lower?
Price never stays at bottom fro long. It bounces up. $5000 Bitcoin bottom price is totally possible. I believe is possible way lover then that. It can go under $4000 easily, but as I said it will not stay there for long. It woudl bounce back over $5000 in few days.
Bitcoin prices are currently experiencing bad conditions. But as always, there is always a wave-like condition, the price increases and decreases every time. So there will never be a clear benchmark to illustrate the price of Bitcoin. We will all decide the price of Bitcoin, when we believe in Bitcoin and continue to use Bitcoin for financial transactions every day it could be Bitcoin price will increase and when we start leaving Bitcoin so the volume of transactions decreases then it is certain Bitcoin price will also participate decreased .
I hope that after a great fall Bitcoin will start to grow, faster and faster. I doubt very much that big players will let it fall lower than 5 thousand.