It looks like it.
In fact, it has now completed a quadruple bottom. That means, that Bitcoin has hit $6,000 four times, but has never gone below it.
So, we can assume that $6,000 is as low as it can go at maximum within a good margin of error.
This doesn’t mean that $6,000 is the absolute bottom, it can also go down to $5,000 or $4,000, but every time it goes back up from $6,000, it becomes less likely.
Maybe the chance of going below $6,000 is now at 20% and every time it goes back to $6,000, the likelihood is halved.