Price isnt everything but this is the speculation part of the forum.    Ultimatly I dont think BTC is determined in this way, it is going to come down to larger factors of if BTC can be useful when FIAT national currencies start to suffer under the burden of debt that has been taken in their name.

But anyhow my view of this latest fall was a kind of reset and a fallback to support last reached.   Perhaps its a reset but for now the fall is arrested and we now test the upper part of the downward channel I think
So I would target 6600 for the retest of recovery, price never moves in one direction only