what we see is that bitcoin has made a higher low bottom than previous low and is resisting above 6000 level. if we see this in this month , which means enough sell pressure has happened , which allow others to buy as the volume might increase . if we see the volume is also not pretty large as it was during previous year during august last , but its low.people maybe are trying to stay out , because of selling news in future but it all depends how institutions react.