Can BTC technically survive under 6k?
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?
What if miners are not profitable? Does that make them stop and thus make BTC transactions less secure? Do they continue mining in hopes of future price raise?
What would be the psychological impact on traders if BTC goes under 6k? That is a huge resistance point and if it brakes how far can price drop? Last time it was more like a test to 5800 which recovered immediately.
I think they can survive because as long as there are a lot people that are supporting them the butcoins will survive. And besides rhis is happening because of us I do not think that there are someone that are manipulating the bitcoins it is only us so the reasons why the bitcoins are falling this much is because of those panic sellers that are spreading the fake news that the bitvoins is gonna end soon. They will gonna end if we tend to believe it but if we continue to support and invest then they will gonna rise again.