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?
The market is completely speculative and the price is controlled by large holders. I think that crypto-millionaires will not allow the price to fall below 6000 dollars.