It makes the area between $6k and $6.5k a very strong support, that hasn't been penetrated. Whats more, is that currently Bitcoin is moving within the and seem to rejected the lower . All-in-all Bitcoin is facing a strong and if it continues to be respected by the market price could potentially correct upwards towards nearest resistance at $9k. Break above that resistance is likely to establish an uptrend towards $15k-17k area.
On the downside, weekly break and close below the $6k support should push price further down, towards $3.3k - $3.8k , from where Bitcoin is likely to recover very fast.
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