This is absolutely true, When I looked at the long term trend of Bitcoin as it was falling from $20k, around $6000 was the bottom to maintain the long term trend and it pretty much bounced right off that. As we have progressed a little so does that long term trend line and as it stands now if we see a dip I see it going no lower than $7000 or probably $7200, because if it does that means the long term trend has broken which will be a huge psychological blow to Bitcoin. These are levels smart money will get in at.