Bitcoin - $6,500 Bears Failure What's Next?

Bitcoin (BTC) dropped to $6,500 on Nov. 25 after another day of significant losses obliterated previous support levels.
A price point where we have seen miners defending their status and businesses, momentum designed for a quick reversal back into $7,000+ area.

Question: What do you guys think about the current $6,500 level power and what are the assumptions.

Looking forward your commend and would appreciate your like and engagement.

Thank you,
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