It depends.
If it breaks the $3000 support and keeps heading lower then it might create more panic and cause another bearish year.
However I am thinking we will trade sideways for a bit and maybe slowly start ascending back up. However the $5800-$6000 is going to be major resistance to break-thru.
I totally agree with you - $5800-6000 will be a rough area to break out from.
This resistance (which was once a strong support zone) was used to distribute so many of the whale's bitcoin bag.