one thing that i have always believed about bitcoin price is that whenever you break some major buy support and keep the sell pressure up to prevent the jump back up, the price will continue sliding down a lot more. i don't see any significance for $5970 though
the first major buy support was at $10k which was broken in January with a lot of manipulation and whale dumps and ever since that day price has been struggling. right now we are seeing $6k as another one.
Yes I agree with you, also if the bears will able to break the $6,000 support level I think there will a major panic selling from holders and price may slide down further to the $3,000 - $4,000 area. If that happen I assume that the price will be very attractive to people that the price will bounce back right away. If we reach that price I personally will buy a lot of coins.