Bitcoin stabilizing ?

Bitcoin’s price remained followed downtrend even after Goldman Sachs squashed rumors that it was scrapping plans for a cryptocurrency trading desk.
It has lost 15-16% of its value within 48 hours after Goldman Sachs FUD despite of plenty of positive news and mass adoption of bitcoin round the globe it is not able to break the 6K resistance bears are still dominating

one week price chart

From August 8 to August 26, for more than 3 weeks, Bitcoin had been relatively stable in the range of $6,500 to $7,000 demonstrating small volatility. However, from August 27 to early September, as Bitcoin started to see some major movements on the upside, the cryptocurrency market began to demonstrate extreme volatility.

As seen on September 6, the end outcome of the volatility in the cryptocurrency market was a massive crash for Bitcoin, Ethereum, and the rest of the market, deleting gains over the past month.

Considering the sheer speed in which the crypto market fell to its previous support level, analysts are calling $5900 for the next support level.

The bitcoin community is #HODLING sing past nine months in hope bitcoin will recover one day but it seems its crashing every coming day