Yes I should have stated in the post that this is not a long-term Bearish signal, just for the near future. Weekly Closing below the 5,400 level would be a long-term Bearish signal so we are still a comfortable level away from the danger zone currently! So yeah as you said 6,000 is a real possibility in the near-term, but I wouldn't go as far as saying Bitcoin will die because of this haha :P