Will the markets valuation start to solidify around 6k?

Well it seems the market is doing a good job of figuring out what it thinks BTC isn't worth but still isn't sure what it is worth, so it will be more interesting to see if it finds support again around 6k line for the 3rd time and establishes that as a solid price support. If so, more investors might be interested in getting involved if they don't feel like it is such a wildcard asset and there is some reliable structuring they can start to work with. It seems some of the blaring regulatory headlines (some) are dying down and the market is starting to find some equanimity. Or if we can get a solid up trend before the 6k line and maybe even break through the 10k or 11k resistance, those would certainly be bullish and make the case for potential long positions. But if price falls through the 6k line, that may indicate further deterioration in the markets perceived valuation. At some point we need to establish that an asset has true biological and emotional value to human beings not just a hope that somebody else might buy it from you at a higher price one day.