The recent move from $5800 to $6100+ might have been an accumulation stage where a significant buy in occurred. The question now may be whether momentum can be sustained to greater than $6100 levels or whether the price will be pushed back down to $5800 for yet another accumulation cycle--if investors have confidence the $6500 or so ceiling will be surpassed. I feel like a broken record but it bears repeating that bitcoin has a tendency to peak at the end of the year on increased demand and transactional volume from black friday / christmas shopping / holidays. With the price fall in january of the new year being due to decreased volume post holidays.
To be honest, I haven't been watching transaction volumes, etc. It is possible the price is being artificially pushed down to fuel a significant buy in phase. I definitely would have bought in @ $5800 if I had liquidity.
At this stage, it is not even about the $6500 being surpassed, it is about not having some fake breakout just to deceive a lot of traders in which we know at this stage, the market is not actually very pleasing to get into based on how things have been for a while now with manipulations.
The market will obviously tend towards moving down pretty fast than going up fast anyway, and would rather just chill to see how things build up than hopping into it. Accumulation will be easy to detect anyway and most times, it happens when there is a long time of consolidation.