If you are mining, stop. The only thing that can help bitcoin's price is purchasing bitcoin on an exchange and move your purchase to cold storage.

Right now, IMHO, Bitcoin's price is being torpedoed by 2 major factors:

1. Crypto futures trading which allows for money to be made by speculating on future performance of bitcoin, encouraging lowball offers weak hands won't refuse. This has diminished the value by rewarding those who short sell and has pushed lots of small investors out of the market, weighing down prices because impatience and greed.

2. Mining increased even at unprofitable prices.

Personally I think bitcoin will be back over 7000 in the next 4-6 weeks, but one thing that is causing mayhem is the insatiable rise in difficulty which is a direct result of people buying more miners and hashrate when their money would be better spent buying the bitcoin itself. It could be institutions doing this, in the hope of gaining market share or it could be the pools, which have grown in size quite a bit since January even as the price plummeted. All this has created stagflation in the market because everyone wants cheap bitcoin and not enough people are putting the demand where it belongs, out on the exchanges, when the coins dry up and everyone is running at a loss, the price of bitcoin now will be a bargain as people look the the exchanges again to buy, only to find the money they wasted on mining rigs would have easily and painlessly grown to 150% or more. If people keep mining at the current rate it will put unreasonable downward pressure on the price of bitcoin and create centralization as groups of miners and pool admins become more likely to behave in ways that fulfill their own needs rather than those of bitcoin consumers.

Please consider that a purchase of bitcoin is an investment in the future, and it is able to be exchanged on the market for other currency, but the money spent on energy or equipment for mining is gone, never to be seen again,compare that to no barrier or difficulty to purchase bitcoin, low fees and bargain prices, you can pick up any amount and have a higher chance of profit because as scarcity increases the market for actual BTC will still be hot, and you will want to have taken advantage of this slow moving train. When it's at full speed it will only be affordable to institutions.