If you look at the chart of the Bitcoin price, it has formed a clear descending triangle with support at about $6000. Resistance is keeping the peak of each bullish run lower than the previous one for the past few months. If I can find a good chart to post, I'll add it in later.
I believe that this is a bearish signal that the price could likely break below $6000 soon.
Do you agree and if so, when do you think it will drop below that key support level?
I think never. That below $6k levels are long gone. Even if it goes below that it will be instant and not stay there for even 24 hours at all.
I think we are solid and fine for this level and from now on we will keep seeing the $6.2k and $7.7k levels and stay in between that for a long time until the price goes berzerk once again and goes crazy high, don't know how high but it will go really high enough to call December not that big. So for now I do not see bitcoin to break $6k levels at all, it is a psychological price level where miners do not allow you to sell, they buy as many as they can afford when the price goes below that to keep it higher.