There has been numerous discussions about the stability of bitcoin and what is the stable price for the bitcoin, as we see the market has been tending around $6000 for months and one more thing which we have witnessed is that bitcoin will not dip any further below $5000, so shall we consider $6k as stable price for bitcoin?
For me I believe the bottom wasnt been happening so this is not the stable price ,maybe value seats longer but now meaning permanently tomorrow is the decision of ETF so we might seen movements depend on what is the decision tomorrow for the truth value of prices and from there we will be consistent in answering such questions
I guess Bitcoin's price is between this range only from a very long time now and it is unable to rise from this range. Bitcoin is very volatile because its value depends upon a number of factors.Demand and supply forces play a roll in determining the price.If the demand rises then the price will definitely rise and if the demand falls the price will also fall.People are also selling their Bitcoins at lower price only because they are suffering from losses.But one should understand that holding their Bitcoin for future will give them good profit returns.