Can BTC technically survive under 6k?
It even survived during early days below $20.
This is close to a bottom where mining stops to be profitable, meaning that supply of BTC from miners would drop. How much supply comes from miners anyways? Is that meaningful in terms of price movement?
Mining isn't only profitable if you are not serious with it and your machines aren't suitable for it.
[1]What if miners are not profitable? [2]Does that make them stop and thus make BTC transactions less secure? [3]Do they continue mining in hopes of future price raise?
[1] Mining will always be profitable and every transaction is paying for its fee so that's how miners earn.
[2] No. If the difficulty goes down, you'll see a rise to the number of miners.
[3] Yes.
[1]What would be the psychological impact on traders if BTC goes under 6k? [2]That is a huge resistance point and if it brakes how far can price drop?[3] Last time it was more like a test to 5800 which recovered immediately.
[1] Nothing for day traders, it can be a good buy.
[2] No one knows.
[3] That is volatility.